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Updated about 6 years ago,
Tax deductions for new purchase
I’m under contract on a duplex and want to make sure I capture all possible tax deductions. Can you deduct home inspection? I had read somewhere that you can roll lawyer costs (title, etc) into basis cost as well as origination fee and deduct for life of the loan. Is this correct? You can deduct prepaid interest, insurance. Anything else I’m missing?