If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

josephnaughton · ‎January 4, 2020

VolvoGirl · ‎January 4, 2020

Buying a house doesn't go on your tax return. If you pay mortgage interest and property tax it may be deductible. You will get a 1098 at the end of the year for mortgage interest. So probably not until next year for your 2020 return.

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VolvoGirl · ‎January 4, 2020

Buying a house doesn't go on your tax return. If you pay mortgage interest and property tax it may be deductible. You will get a 1098 at the end of the year for mortgage interest. So probably not until next year for your 2020 return.

josephnaughton · ‎January 4, 2020

Thank You Much!

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If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

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If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

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If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

If I entered into an agreement to purchase a new home in 2019, but won't close or take possession of the home until April 2020, how do I address this in our 2019 taxes?

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