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June 3, 2019
Solved

We purchased a new main home in 2018. I saw on your chat that I can deduct real estate transfer fees, where do I deduct them?

  • June 3, 2019
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    Best answer by Coleen3

    That is incorrect information. You can deduct property taxes, but any closing costs are added to the basis of the property.

    1 reply

    Coleen3Answer
    Employee
    June 3, 2019

    That is incorrect information. You can deduct property taxes, but any closing costs are added to the basis of the property.