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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:
interest paid at the time of purchase (the charge at closing would normally be done for interest up to the date of first payment.),
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.
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:
interest paid at the time of purchase (the charge at closing would normally be done for interest up to the date of first payment.),
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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