Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
ritz5
New Member

Bought new home in Nov 2018, where do I enter the taxes and interest in Turbo Tax Deluxe? mortgage company did not send me 1098 for taxes/interest payments at settlement

 
1 Reply
GretchenG
New Member

Bought new home in Nov 2018, where do I enter the taxes and interest in Turbo Tax Deluxe? mortgage company did not send me 1098 for taxes/interest payments at settlement

You can deduct mortgage interest, points, and real estate property tax paid at closing. You report those expenses along with other mortgage interest/property taxes paid in the year at
>Federal Taxes (or Personal if using Home and Business)
>>>Deductions And Credits
choose I'll choose what I work on, if asked OR Jump to Full List
My Home

All other costs paid at closing, including transfer taxes, "stamps", escrow fees, etc., are NOT deductible from current income, instead you add them to the cost basis of your home and you will get the benefit when you sell.

Dynamic AdsDynamic Ads
Privacy Settings
v