Question

Are there any deductions that need to be entered for purchasing a new home in 2018? I have points, escrow costs, lender charges, taxes and Mortgage insurance premiums.

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While there is no specific new home purchase credit, you will be able to deduct taxes, interest, and points.

Escrow costs and lender charges just get added to your basis(cost) of your home.

Mortgage insurance premiums are not deductible in 2018.

Here's the link to instructions on how to enter the items that can be deducted:

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