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- Can I deduct mortgage closing costs?
Can I deduct mortgage closing costs?
by TurboTax• Updated 1 month ago
Mortgage closing costs are the fees associated with securing a mortgage when you buy or refinance a property. Your total closing costs depend on the home’s purchase price, your loan type, and your lender.
To deduct your mortgage closing costs in TurboTax, go to the Deductions & Credits section of your federal return and select Start next to Mortgage Interest and Refinancing (Form 1098). If you have multiple 1098 forms due to refinancing, ensure they’re first entered correctly.
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