I sold my home, what can I deduct?
If you sold a qualified home, you can make deductions up until the time you sold your home, which includes mortgage interest, mortgage insurance, points and real estate/property taxes. You should be able to see these on the 1098 from your lender.
You can also deduct:
- Home improvement costs (which are more or less permanent changes to the house and not the same as repairs and maintenance).
- Mortgage interest and/or real estate/property taxes charged at closing (other than that, almost no closing costs are deductible).
- Moving expenses.
Have a look at Selling Your Home by the IRS for more in-depth information.