03 Feb 2011 Dana Point Home Buyers, Claim your Tax Deductions!
File your Mortgage Interest Statement from last year – IRS Tax Form 1098. The absolute best real estate tax deduction is the one that allows you to deduct 100 percent of the mortgage interest you paid in a year. This includes your prepaid interest and points you paid at the closing of escrow on your home if you bought a home last year.
If you purchased a home last year, you should have received a 1098 Tax Form from your mortgage lender with a report of how much interest you totaled in 2011. If you can itemize your taxes and want to claim your mortgage interest deduction, Include this form with your tax form when you file. If you have any further questions please contact your tax professional.
Sorry, the comment form is closed at this time.