1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
If I bought property last year, do I claim that?
If you purchased a property, you don't actually claim the purchase.
If this was a first or second home, you could deduct any property tax or mortgage interest paid, plus any points paid at closing., and possibly Private Mortgage Insurance, depending on your income.
If a rental property and the property was made available for rent, you would claim expenses and depreciation under the Rental property interview.
If it was an investment , like land, you could still claim any property tax paid.
Still have questions?
Make a post
Or browse the Forums