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I sold my home but don't see the area to add the information for purchasing my new home?
I am not being taken to the costs of my new home purchase which I believe are deductible. I completed the home sales, but not the home purchase and don't see that section.
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I sold my home but don't see the area to add the information for purchasing my new home?
"Costs of my new home" 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.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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I sold my home but don't see the area to add the information for purchasing my new home?
"Costs of my new home" 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.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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