Maralee Grantham's Blog

Tuesday, March 2, 2010

Did you remeber all your Real Estate tax deductions?

Selling Your Home, Sweet Home:
Have you thought of all deductions?

deductions on points paid when you bought the home
deductions on mortgage interest
property taxes while you lived in it.

Sellers
deduct the fees you incur to unload your home.
deduct a portion of the property taxes
agent commission lowers the sales price (reducing capital gains tax
fees you paid at closing.

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