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akzarate8
New Member

If I bought property last year, do I claim that?

 
1 Reply
Anita01
New Member

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.

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