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    aaronw's Avatar
    aaronw Posts: 1, Reputation: 1
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    #1

    Feb 21, 2008, 10:06 AM
    Which form do I use?
    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's Avatar
    xphelper Posts: 220, Reputation: 29
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    #2

    Feb 21, 2008, 10:23 AM
    See here: Your Home as a Tax Shelter: Top Ten Tax Deductions for Owning Your Home
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    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.
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