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My fiance and I bought our house in Nov. 2016. We didn't pay a mortgage until Jan. 2017. Do I have to file anything for the house if we didn't pay anything on it in 2016?
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My fiance and I bought our house in Nov. 2016. We didn't pay a mortgage until Jan. 2017. Do I have to file anything for the house if we didn't pay anything on it in 2016?
No, if you don't have any expenses to claim, you don't have to report anything on your 2016 return for your home. However, make sure that you don't have any mortgage interest, points or real estate taxes that you paid when you closed on your house in November. Check your closing statement to see these costs.
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My fiance and I bought our house in Nov. 2016. We didn't pay a mortgage until Jan. 2017. Do I have to file anything for the house if we didn't pay anything on it in 2016?
No, if you don't have any expenses to claim, you don't have to report anything on your 2016 return for your home. However, make sure that you don't have any mortgage interest, points or real estate taxes that you paid when you closed on your house in November. Check your closing statement to see these costs.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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