For the home purchase, the deductions
that are available to you would be interest, real estate taxes, points and
private mortgage insurance. You may have received a Form 1098 for the interest
and points. Enter in the Your Home section under Deductions
& Credits.
Other Items on closing disclosure form
that may be deductible:
-
interest paid
at the time of purchase (the charge at closing would normally be done for
interest up to the date of first payment).
-
real
estate taxes charged to you.
-
points -
On a refinance they need to be amortized over the life of the loan; unless
the points were used to improve your main home.
-
private
mortgage insurance but, if prepaid, only the
amount allocable to this year based on an 84-month amortization.
Other fees, such as commissions, attorney fees,
preparation of deed, abstract fees, owner title insurance, recording fees
are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
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