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Level 4
September 30, 2021
Solved

Purchase of home

  • September 30, 2021
  • 1 reply
  • 6 views

Where do you enter home purchase deductions 

This topic has been closed for replies.
Best answer by George4Tacks

Property Taxes go on Schedule A. 

If you were amortizing prior points, take the remainder as points. If there are new points begin to amortize these. https://www.irs.gov/taxtopics/tc504#:~:text=Points%20are%20prepaid%20interest%20and,Form%201040)%2C%20Itemized%20Deductions.&text=Points%20are%20allowed%20to%20be,year%20that%20they%20were%20paid.

 

 

1 reply

sjrcpa
Level 15
September 30, 2021

What do think is deductible?

And where do you think it is deductible?

The more I know the more I don’t know.
lo92677Author
Level 4
September 30, 2021

Sorry looking at refi paper work 

 

escrow fees

sjrcpa
Level 15
September 30, 2021

Not deductible.

The more I know the more I don’t know.