TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

New Construction House Purchase in VA

Forum|Forum|2 years ago
January 30, 2024
1 reply
0 views

what fees on HUD-1 can I deduct? ? such as settlement fee, title exam fee, deep prep, transfer taxes, title binder fee

For your primary or secondary home, the only deductible closing costs are home mortgage interest and certain real estate taxes.

These deductible costs generally include:

Real estate taxes paid at closing
Mortgage interest paid when the cost was settled
Interest paid at the house’s purchase
Loan origination fees, known as “points”

There may be other costs you can deduct when 'Refinancing'.

Here's more detailed info on Mortgage Closing Costs.