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Updated over 3 years ago on . Most recent reply

Justin Wilson's profile image
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Justin Wilson
  • Member since Dec 3, 2018
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Justin Wilson's profile image
Justin Wilson's profile image
Justin Wilson
  • Member since Dec 3, 2018
Connect
Justin Wilson
4
Votes |
12
Posts
Tax, SDIRAs & Cost Segregation

Tax Deductions for Closing Costs

Justin Wilson
Posted

Hello,

I'll be refinancing a duplex I own in a couple of months.  I plan to pay the closing costs out-of-pocket so I don't have to finance them.  Can I consider the closing coats a business-related expense and deduct them from my taxes?  How does this work at the federal level?  Any help is greatly appreciated.

Thanks

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