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How do you file taxes after purchasing a home?
Is there a form I should have received/will receive from my mortgage company? We purchased a home in July.
5 Answers
- Anonymous1 decade agoFavorite Answer
Same way as you did before except you will be able to write off mortgage interest and property taxes. They will be on the IRS Form 1098 the mortgage company will send you.
- leysarobLv 51 decade ago
If you're talking about the deduction you take on your taxes for interest paid on a mortgage -- your mortgage company will supply that to you. Should arrive some time this month.
- TimLv 71 decade ago
You should receive statements from mortgage company soon. They are required to sent out by Jan 31
- Anonymous1 decade ago
You will receive forms indicating the amount of interest paid on your loan, and property taxes paid. If you purchased in 2007, you may also have paid points that are deductible as interest.
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- jpr302001Lv 51 decade ago
Yes, they will send you a 1098 that details what portion of your payments are for interest, taxes & principal. You should also give your tax preparer your settlement sheets as some of those expenses may be deductible as well.
