Just bought a house 12/31/2019 do I claim it?

[DoninGA · Accepted solution]

The purchase of a personal residence is not entered on a federal tax return.

[danvic7]

Even the loan origination fees??

[CatinaT1 · Accepted solution]

Deductible expenses for a home are mortgage interest, primary mortgage insurance (PMI) and real estate taxes.  Since you purchased your home on 12/31 you might have a small amount of prepaid interest.  These items are only deductible if you are using itemized deductions instead of the standard deduction.

[Carl]

Your only deductions are interest, PMI (if actually paid on that date) and property taxes.

Since you closed on 12/31/2020 I seriously doubt you paid any property taxes on that date. But you "might" have pre-paid some interest on the loan. More than likely though, it's not enough to have any impact on your tax liability.