Do I add the closing costs with the interest of time share purchase?
I received a 1098 for interest on a time share purchased 3/26/16. Do I add the closing cost anywhere?
01200
1 Replies
Anita01
New Member
May 31, 2019 11:31:13 PM
No, the interest, property tax, and any PMI are deductible. Closing costs are generally added to your cost basis to use in calculating gain or loss when you sell.