Do I claim the purchase of a new home in late 2016 if the first payment isn't due until January 2017?

posted

Connect with an expert

1 Reply

Do I claim the purchase of a new home in late 2016 if the first payment isn't due until January 2017?

You can only claim mortgage interest, points and property taxes that you actually paid in 2016.

Your total itemized deductions must also be more than the Standard deduction to be of any benefit.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post