turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

akzarate8
New Member

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

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies