I just purchased a house in November. Is there anything I can deduct

[tneal410]

I just purchased a house in November. Is there anything I can deduct

[MargaretL]

Yes, you can.  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

Please refer to below link for details on Buying Your First Home:

https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Buying-Your-First-Home/INF12009.html