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

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

Selling and buying a house

I sold one home and bought another in 2016. Am I supposed to enter both as mortgage lenders and property taxes for both?
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 Best answer

Accepted Solutions
Fern
New Member

Selling and buying a house

Yes, you should enter mortgage interest that you paid on both properties in your calculation of itemized deductions. You should also enter the property taxes that you paid for both. Be sure to include property taxes that you may have paid at closing on the property that you sold.

View solution in original post

1 Reply
Fern
New Member

Selling and buying a house

Yes, you should enter mortgage interest that you paid on both properties in your calculation of itemized deductions. You should also enter the property taxes that you paid for both. Be sure to include property taxes that you may have paid at closing on the property that you sold.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question