Closing Costs
Menu Path: Deductions/Credits > Itemized Deductions > Homeowner Expenses (1098)
Some types of closing costs are deductible. If you paid any points (loan origination fees) on the loan for your new home, they are deductible as mortgage interest on Schedule A of your return. If your closing statement shows a payment of real estate taxes, it is deductible as real estate taxes paid on Schedule A. Other types of closing expenses aren't deductible.
Some types of closing costs are deductible. If you paid any points (loan origination fees) on the loan for your new home, they are deductible as mortgage interest on Schedule A of your return. If your closing statement shows a payment of real estate taxes, it is deductible as real estate taxes paid on Schedule A. Other types of closing expenses aren't deductible.
