Ask Experts Questions for FREE Help !
Ask
    smc's Avatar
    smc Posts: 22, Reputation: 1
    New Member
     
    #1

    Mar 19, 2006, 11:24 AM
    Deducting some closing costs from taxes
    Hi. Nine months ago we bought a house. We are first time home buyers. I am itemizing deductions. My question is can we claim TITLE INSURANCE, MUNICIPAL LIEN CERTIFICATE, RECORDING FEES, SURVEY OBTAIN/REVIEW SURVEY, RECORDING FEES DEED (which are part of closing costs) from our taxes. Thanks for your help.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 19, 2006, 09:47 PM
    NONE of those items can be deducted!

    Sorry!

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

OPT to H1B - Employer not deducting FICA [ 8 Answers ]

Hi ATE, The date on my opt is from May 2005 to May 2006. But meanwhile my H1B petition got approved starting 1st Nov 2005. But my employer who filed for my H1B was not deducting social security and medicare taxes till January. When I noticed, I asked him about this and he said it is a...

Fixed costs vs. Variable costs [ 1 Answers ]

Can someone please check my answers. -Classify each of the following items of factory overhead as either a fixed or a variable cost. (Include any costs you consider to be semivariable within the variable category) a. Indirect labor- fixed costs could be variable under certain circumstances b....

External costs [ 1 Answers ]

If a company chooses to outsource production to a cheaper country, what would be the external costs? I believe pollution in the new country would be, but how about the job loss in the initial country?

Deducting a worthless stock [ 1 Answers ]

A stock I bought about 3 years ago is now worthless. I can't sell, it has no value. How can I claim this loss? Can I simply use Schedule D? Or is there something else I have to do?


View more questions Search