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February 14, 2021
Question

I have entered the information about a home I sold however I am not seeing where to enter the information for the purchase of my new home, does anyone know where that is?

  • February 14, 2021
  • 1 reply
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1 reply

JohnB5677
February 14, 2021

There is no requirement to enter the purchase of a new home.  You will maintain the records from the purchase until you sell the house.  They will then be used to establish the cost of the house.

 

You can deduct mortgage interest and taxes you paid in 2020.

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