I bought and closed on a home in 2016. I wasn't asked for and don't see where I deduct the closing costs?????

[dirkandray]

I have turbo tax premium 2016.

[MargaretL · Accepted solution]

The actual purchase is not reported on the tax return. And most closing costs are not tax deductible.  However, there are certain items that you can deduct on purchase of a home; all of them are located in the Deductions & Credits section, Your Home category:

1. Mortgage interest paid: Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing

2. Points: Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing (be sure to select an option that applies to you on the Tell Us More about Your Loan screen)

3. Real Estate Taxes: Federal Taxes>Deductions &Credits> Your Home>Property Taxes

4. Mortgage Insurance: Federal Taxes>Deductions &Credits> Your Home> Mortgage Insurance

You cannot deduct : settlement fees, such as appraisal fees, attorney fees, inspection costs and legal and recording fees.

Please refer to  Buying Your First Home link for details.