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    pgazz311's Avatar
    pgazz311 Posts: 5, Reputation: 1
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    #1

    Jan 8, 2010, 08:39 AM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 9, 2010, 06:33 PM
    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?
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