Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Bought first home on 11/30... what's deductible? (https://www.askmehelpdesk.com/showthread.php?t=432997)

  • Jan 8, 2010, 08:39 AM
    pgazz311
    Bought first home on 11/30... whats deductible?
    I live in New Jersey. Closing was 11/30. What is deductible on the taxes besides the obvious $8000 credit? I have an FHA loan and paid an upfront mortgage insurance and financing charges. Also paid for prepaid interest, then I also have the months interest from my December payment. Is there anything else I am missing?
  • Jan 9, 2010, 06:33 PM
    AtlantaTaxExpert
    Assuming that. In aggregate with the other itemized deductions, all of the deductions EXCEED your standard deduction, you can deduct the pre-paid interest (points) plus the PMI.

    How much are these charges?

  • All times are GMT -7. The time now is 12:05 PM.