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    taxhelpwanted's Avatar
    taxhelpwanted Posts: 5, Reputation: 1
    New Member
     
    #1

    Mar 5, 2006, 02:28 PM
    Claiming Down payment as deduction
    Hello! I am a first time home owner. My question is whether I can claim DOWN PAYMENT on my home which I paid, as a deduction from taxes.
    Thanks a lot for all this help.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 5, 2006, 07:02 PM
    No. The down payment is not deductible.

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