What type of paperwork will I need to take with me (regarding the purchase of the house only) when I go to have my taxes filed on Saturday?
2007-02-13 04:51:55 · 10 answers · asked by casey_leftwich 5 in Business & Finance ➔ Taxes ➔ Other - Taxes
Closing statement (HUD Form) and the 1098 from the mortgage company showing the interest you paid in 2006.
Also if you are paying the property taxes directly, and not through your mortgage escrow account, you need to take the billing and proof of payment (dates and amounts paid). If paid through your mortgage make sure you get and take whatever the mortgage company sent you that shows when and how much they paid on your behalf.
2007-02-13 06:16:20 · answer #1 · answered by zudmelrose 4 · 2⤊ 0⤋
Form 1098, property tax payments made in 2006 and your closing statement. The closing statement will show interest and property taxes paid at closing that are deductible. Sorry, other stuff (e.g., appraisal, notary fee, etc...) are not deductible.
Hopefully you aren't going to H&R Block - they are incompetent, in my opinion.
2007-02-13 06:19:56 · answer #2 · answered by Dizney 5 · 0⤊ 0⤋
in case you could agree on it, you're ALLOWED to record a joing go back. No, you do not ought to record at the same time. And once you've been separated in view that June and have not gotten lower back at the same time in any respect in view that then, you could record as head of spouse and children assuming your children you're claiming stay with you. until eventually your son at the same time lived with him for over 1/2 the twelve months, your husband won't be able to record as head of spouse and children even if if he claims your son as a depending and would ought to record as married filing one after the other. As to the mortgage pastime, if he makes the funds he ought to declare all of it. in case you split the funds, then technically you're meant to take the deduction only for the quantity you pay. no individual HAS to declare the pastime, yet when it is sufficient it ought to save him some tax money to finish that. solid success in getting each and every thing looked after out, and not in any respect purely the tax stuff.
2016-11-27 20:24:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Form 1098 from the bank is correct, its also including all points; taxes paid during your purchase. Is this your first home purchase?
If yes, then bring all your paper works in related to this purchase like down payment; real estate agent fees; title company fees..etc
2007-02-13 19:12:26 · answer #4 · answered by MINH H 3 · 0⤊ 1⤋
Take the closing (a/k/a escrow) statement with you. On there will be deductions like real estate taxes and points paid on the mortgage, which you can deduct on schedule A.
2007-02-13 10:13:15 · answer #5 · answered by LC 2 · 2⤊ 0⤋
You should received a 1098 form from the bank or the company that gave the loan. I will suggest wait for the form before you do your taxes or call the bank the see if they have sent it already
2007-02-13 04:55:19 · answer #6 · answered by Nita 2 · 1⤊ 1⤋
Bring your HUD statement regarding the breakdown of your expenses for purchasing the home. It shows whether you or the seller paid certain things (i.e. real estate taxes) pro rata or in its entirety.
2007-02-13 05:02:08 · answer #7 · answered by R Worth 4 · 1⤊ 0⤋
To be on the safe side I would take your paper from when you bought the house. But you should have received a 1098
2007-02-13 05:00:16 · answer #8 · answered by Anonymous · 1⤊ 1⤋
If you didn't receive your papers you can always call the loan company and get the amount of taxes paid and take it with you when you file.
2007-02-13 05:00:30 · answer #9 · answered by Child of God 5 · 1⤊ 1⤋
you should get a 1099 from your mtg co and that tells the irs how much you have paid in mtg interest. that is tax deductable. That should be to you no later than Jan. 31st. if you haven't recieved that make sure you contact your mtg co to get one.
2007-02-13 06:22:53 · answer #10 · answered by kcb 1 · 0⤊ 2⤋