Search South East Florida Real Estate
Lisa and Gary Ruderman
954.752.2105


South Florida Real Estate
Dream Home Finder
Search Florida Homes
Community Info
Free Relocation Package Free Home Value Report
Tools & Tips for Buyers
Tools & Tips for Sellers
South Florida Maps
News Archive
Contact Us
     

What home-buying costs are deductible?



Answer:

Any points you or the seller pay to purchase your home loan are deductible for that year. Property taxes and interest are deductible every year.
But while other home-buying costs (closing costs in particular) are not immediately tax-deductible, they can be figured into the adjusted cost basis of your home when you go to sell (any significant home improvements also can be calculated into your basis). These fees would include title insurance, loan-application fee, credit report, appraisal fee, service fee, settlement or closing fees, bank attorney's fee, attorney's fee, document preparation fee and recording fees. Points paid when you refinance an existing mortgage must be deducted ratably over the life of the new loan.

   

  Home | Dream Home Finder | Search Florida Homes | Community Info
Free Relocation Package | Free Home Value Report | Tools & Tips for Buyers | Tools & Tips for Sellers
South Florida Maps | Contact Us


Homes In South Florida | Houses For Sale In South Florida | Houses In South Florida | Realestate South Florida
New Homes In South Florida | New South Florida Homes | Real Estate For Sale In South Florida
Real Estate South Florida | Southeast Florida Real Estate | South Florida Homes For Sale
South Florida House For Sale | South Florida Houses | South Florida MLS | South Florida Realestate
South Florida Real Estate | South Florida Realestate For Sale | South Florida Realtors | Boca Raton real estate | Site Listing





Copyrightę 2003 Homes of South FloridaT All rights reserved.
11555 Heron Bay Blvd. Parkland, FL 33076
click here to email us at info@homesofsouthflorida.com