turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I put an offer on a home in 2016, but closed in 2017.... When do I put that on my taxes?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
RichardG
New Member

I put an offer on a home in 2016, but closed in 2017.... When do I put that on my taxes?

All you deductible expenses from the purchase occurred in 2017.  Next year you'll deduct your mortgage interest and real estate taxes on your 2017 tax return.  There's nothing for you to report for 2016.

View solution in original post

1 Reply
RichardG
New Member

I put an offer on a home in 2016, but closed in 2017.... When do I put that on my taxes?

All you deductible expenses from the purchase occurred in 2017.  Next year you'll deduct your mortgage interest and real estate taxes on your 2017 tax return.  There's nothing for you to report for 2016.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question