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Can I claim the 3.5% down payment that I needed when I purchased my house?

 
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2 Replies

Can I claim the 3.5% down payment that I needed when I purchased my house?

No you cannot.

rjs
Level 15
Level 15

Can I claim the 3.5% down payment that I needed when I purchased my house?

The down payment is just part of the cost of the house. When you eventually sell the house, your gain (profit) will be the price you sell it for minus the full price that you paid for it, including the down payment.

 

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