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money paid when closing

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Anonymous
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money paid when closing

I know you can deduct intrest on your taxes, but can I deduct any of that money I paid when I closed? Like any of those fees or anything?? THanks!

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: money paid when closing

Others will chime in with things I miss, but you CAN deduct any 'points' fee you paid for a lower interest rate (and that includes any 'loan origination fee', or such-like), PMI payment(s), property taxes.

Message 2 of 3
Anonymous
Not applicable

Re: money paid when closing

You deduct interest on the mortgage not taxes but you claim the taxes as well and you can also claim if you reimbursed the seller for taxes they paid but you cant claim your down payment or attorney fees.
Message 3 of 3
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