You'll need to sign in or create an account to connect with an expert.
If you bought a new home in 2016, you can deduct points, interest, mortgage insurance premiums and property taxes in the Your Home section under Deductions & Credits.
Other Items on closing disclosure form that may be deductible:
Other fees, such as commissions, attorney fees, preparation of deed, abstract fees, owner title insurance, recording fees are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
If you bought a new home in 2016, you can deduct points, interest, mortgage insurance premiums and property taxes in the Your Home section under Deductions & Credits.
Other Items on closing disclosure form that may be deductible:
Other fees, such as commissions, attorney fees, preparation of deed, abstract fees, owner title insurance, recording fees are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
meowmeow666
New Member
javahounds
New Member
pluce-wienke
New Member
florence3
Level 2
aprilkdryer
New Member