121506
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Go to Deductions and Credits, then to ''Your Home'' to enter mortgage interest, property taxes, private mortgage insurance and loan origination fees (“points”) that you paid in 2016.
Most expenses at closing on the purchase or refinance of a home are added to the cost of a new home. There are a few exceptions - the following would be deductible:
Title fees, real estate commissions, appraisal costs, home inspections, documentary stamps, credit report costs, costs of an abstract, transfer taxes, flood certificate, attorney fees, etc. are not deductible, but are added to the cost of the property.
Go to Deductions and Credits, then to ''Your Home'' to enter mortgage interest, property taxes, private mortgage insurance and loan origination fees (“points”) that you paid in 2016.
Most expenses at closing on the purchase or refinance of a home are added to the cost of a new home. There are a few exceptions - the following would be deductible:
Title fees, real estate commissions, appraisal costs, home inspections, documentary stamps, credit report costs, costs of an abstract, transfer taxes, flood certificate, attorney fees, etc. are not deductible, but are added to the cost of the property.
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