TurboTax FAQ
TurboTax FAQ
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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.