Solved
Closing cost when selling a second home. Any deductions for that?
It also included a $2200 credit for the buyer for closing costs.
Closing costs are not deductible, but the following expenses are deductible if you itemize deductions:
- Mortgage interest
- Property taxes paid by yourself and from an escrow account
- Points or loan origination fees
- Mortgage insurance
You can locate this information on your HUD-1 Settlement Statement.
Please view the Turbo Tax FAQ below for more information about home ownership deductions.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
