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Interest, taxes and fees rolled into home loan closing. I closed on a house in 2015 but rolled all of the costs into the loan (taxes, closing costs, interest, etc). So, I did not pay any money out of pocket. Are any of the fees/taxes/costs from the closing deductible?
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Even though you financed the closing costs, they are still deductible. Keep in mind, though, that most closing costs on a home purchase are not deductible. Instead, they are added to the cost (basis) of the home to reduce any gain when you sell the house down the road.
Other examples of closing costs added to the basis of the house are: 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.
Some closing costs that are deductible include:
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