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New Member
posted May 31, 2019 6:50:48 PM

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

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1 Best answer
Level 15
May 31, 2019 6:50:49 PM

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.


2 Replies
Level 15
May 31, 2019 6:50:49 PM

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.


New Member
May 31, 2019 6:50:50 PM

Thank you!