aaronw
Feb 21, 2008, 10:06 AM
I just bought a house in dec 2007 I don't know if I have been in the house long enough to file long form?
xphelper
Feb 21, 2008, 10:23 AM
See here: Your Home as a Tax Shelter: Top Ten Tax Deductions for Owning Your Home (http://www.nolo.com/article.cfm/objectID/3F35969D-53CE-4A1B-B44FFDD737610F63/213/243/194/ART/)
AtlantaTaxExpert
Mar 7, 2008, 12:14 PM
Probably not for 2007.
The reason is simple: the interest in terms of points and loan origination fees and the real estate taxes paid for 2007 are NOT higher than the standard deduction.
For 2008, you will get to itemize and claim a full year of mortgage interest and real estate taxs, but NOT for 2007.