Home Selling in 95624>Question Details

Pat1, Other/Just Looking in Mays Landing, NJ

I bought a new home in 2012. It was not our first time. What can i deduct pertaining to the closing costs?

Asked by Pat1, Mays Landing, NJ Sat Mar 9, 2013

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I see you received no replies. It could be because it was posted in Sacramento, CA while you reflect having purchased a home in Mays Landing, NJ.

Your CPA who is completing your taxes would have the answer to this question, not a realtor. I do know that Mortgage insurance, or PMI is now allowed as a deduction in your taxes. Beyond that, take your closing statement with you to your CPA and have them explain what is deductible or not related to both your federal and state income taxes.

Good luck.
0 votes Thank Flag Link Wed Apr 3, 2013
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