We bought a house in June of last year. As a result of buying this house, we had to purchase a refrigerator, washer and dryer as well as a few other minor things like light bulbs. We also had to have repairs done to the plumbing to make it liveable. Are any of these expenses deductible on our federal tax return? I know we can deduct mortgage interest and property taxes, I'm just wondering about the other stuff since they were necessary expenses.
2007-02-06 18:46:27 · 4 answers · asked by nismax95 2 in Business & Finance ➔ Taxes ➔ United States
Sorry but no, these are costs associated with owning a home and cannot be deducted on your tax return (even though they were necessary to make the home livable). The only thing deductible in a primary home, like you mentioned, are the mortgage interest and property taxes. It would be a different story if the property was a rental property.
2007-02-06 18:57:44 · answer #1 · answered by Oliver 3 · 1⤊ 0⤋
last fee and different fee linked with the domicile will be deductible interior the year they're paid which seems 2009. although if it truly is your first domicile or qualifies as a accepted time domicile purchase you may take the $8,000 credit on both your 2008 or 2009 go back.
2016-11-25 22:03:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, none of those items have any tax consequences what so ever.
2007-02-06 22:49:06 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Sorry but no i have tried to do this for two years they say it has to be 2000 or more in soem big word they used but you can do you gas for going back and forth to work or if you have donated things
2007-02-06 19:01:14 · answer #4 · answered by timberrattler818 5 · 0⤊ 6⤋