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saisheen
New Member

I purchased a home on land contract I put 4000 down and pay 600 per month I got this house in june of 2016 how do i put it in

 
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RichardG
New Member

I purchased a home on land contract I put 4000 down and pay 600 per month I got this house in june of 2016 how do i put it in

You don't report your down payment or mortgage payments directly on your tax return.  However, you can deduct your real estate taxes and the interest you paid the seller in 2016 as part of your monthly payments.

To enter these deductions, go to Federal Taxes>Credits & Deductions>Your Home.

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RichardG
New Member

I purchased a home on land contract I put 4000 down and pay 600 per month I got this house in june of 2016 how do i put it in

You don't report your down payment or mortgage payments directly on your tax return.  However, you can deduct your real estate taxes and the interest you paid the seller in 2016 as part of your monthly payments.

To enter these deductions, go to Federal Taxes>Credits & Deductions>Your Home.

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