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3 answers

They should have a module that will allow you to enter data based on answering some questions. However, that will be limited to itemized deductions with only mortgage interest, points and any property tax allocation being the sole items that end up on your tax return.

The rest of the closing costs you paid are additions the house's basis (cost).

2007-01-05 11:34:56 · answer #1 · answered by zudmelrose 4 · 0 0

Most of the "fees" paid when buying a house are not deductable.

2007-01-05 11:48:19 · answer #2 · answered by Wayne Z 7 · 0 0

#2 is correct the only fees that are allowed are listed on this link

http://www.irs.gov/faqs/faq3-6.html

2007-01-05 12:25:16 · answer #3 · answered by Anonymous · 0 0

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