I just bought a house. What can I deduct from the closing?

dianeandty · ‎May 31, 2019

xmasbaby0 · ‎May 31, 2019

Your closing costs on your home are not deductible. Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, private mortgage insurance and loan origination fees (“points”) that you paid in 2016. You should have a 1098 from your mortgage lender that shows this information.

Did you pay any property taxes at closing? That would be the only thing from closing to claim.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎May 31, 2019

Your closing costs on your home are not deductible. Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, private mortgage insurance and loan origination fees (“points”) that you paid in 2016. You should have a 1098 from your mortgage lender that shows this information.

Did you pay any property taxes at closing? That would be the only thing from closing to claim.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

dianeandty · ‎May 31, 2019

Thank you!

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I just bought a house. What can I deduct from the closing?