Question

I bought a home this year, do i get to put my downpayment in somewhere?

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Deluxe Online

Employee

Nope. You can't deduct what you pay for your house, anymore than you can deduct what you pay for groceries. If this is your primary residence, you only get to deduct the mortgage interest you paid on the loan in 2016, and the property taxes you paid in 2016. That's pretty much it. You'll deal with that in the "Your Home" section under the Deductions & Credits tab, when you get to that point in the program.