home purchase in 2011: what should be included in tax return?# Living
w*6
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We bought our house last year and are confused about what could be claimed
in the tax return. The 1098 form only has the point we purchased for the
mortgage and estate tax we paid last year. What about the estate tax we paid
back to the buyer during closing? Should we include it in the tax return?
We have 1% upfront PMI incorporated into the loan, can this be claimed for
the tax return and how much should we claim if we can (15y loan, 1/15 of the
PMI or all of them)? Hope someone had similar experience before and can
help us out. Thanks!
in the tax return. The 1098 form only has the point we purchased for the
mortgage and estate tax we paid last year. What about the estate tax we paid
back to the buyer during closing? Should we include it in the tax return?
We have 1% upfront PMI incorporated into the loan, can this be claimed for
the tax return and how much should we claim if we can (15y loan, 1/15 of the
PMI or all of them)? Hope someone had similar experience before and can
help us out. Thanks!