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posted May 31, 2019 6:47:58 PM

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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1 Best answer
Level 15
May 31, 2019 6:47:59 PM

"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.


1 Replies
Level 15
May 31, 2019 6:47:59 PM

"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.