Posted on: 26th Aug, 2013 02:23 am
Will I be able to deduct the entire amount to buy a house on my 1040 tax?
Well, you will not be able to deduct the entire home purchase amount on your 1040 tax. You will be able to deduct the mortgage interest payments if you itemise your tax payments.
Hi Feryl!
Welcome to the forums!
I agree with what Niicss has said. It will be better if you could contact a tax adviser and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with what Niicss has said. It will be better if you could contact a tax adviser and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane