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June 1, 2019
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Selling and buying a house

  • June 1, 2019
  • 1 reply
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I sold one home and bought another in 2016. Am I supposed to enter both as mortgage lenders and property taxes for both?
Best answer by Fern
Yes, you should enter mortgage interest that you paid on both properties in your calculation of itemized deductions. You should also enter the property taxes that you paid for both. Be sure to include property taxes that you may have paid at closing on the property that you sold.

1 reply

FernAnswer
Employee
June 1, 2019
Yes, you should enter mortgage interest that you paid on both properties in your calculation of itemized deductions. You should also enter the property taxes that you paid for both. Be sure to include property taxes that you may have paid at closing on the property that you sold.