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Old 02-05-2011, 10:51 PM
 
Location: West Orange, NJ
12,079 posts, read 9,388,825 times
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So in 2010, i bought a house. in 2010, i also refinanced. what documents do I need from the bank other than the statement of interest paid for filing my taxes? I believe some of the costs at closing are tax deductible...not sure where those are listed.

Thanks!
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Old 02-06-2011, 09:48 AM
 
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Quote:
Originally Posted by bradykp View Post
So in 2010, i bought a house. in 2010, i also refinanced. what documents do I need from the bank other than the statement of interest paid for filing my taxes? I believe some of the costs at closing are tax deductible...not sure where those are listed.

Thanks!
Sorry I don't have direct knowledge to help but may this could be your starting point?

Some Refinancing Costs May Be Deductible (http://www.irs.gov/newsroom/article/0,,id=117607,00.html - broken link)
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Old 02-06-2011, 04:53 PM
 
Location: Succasunna
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HUD-1 closing statements for both the purchase and refinance. Some of the items on the forms are deductible, some are not.

1-888-4A-NJCPA
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Old 02-07-2011, 07:39 AM
 
Location: New Jersey
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Right, you need the HUD-1 (also called the Settlement Statement).

You got this document at your closing.

If you bought a home as a 1st time buyer and took the buyer tax credit, you might need other documents to prove your purchase. Your accountant will let you know.
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Old 02-07-2011, 09:58 AM
 
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It should also be noted that if you are claiming the $8K home buyer tax credit you HAVE to file your return by mail. Electronic filing is not allowed.

Can you claim home buyer tax credit? - USATODAY.com
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Old 02-07-2011, 07:49 PM
 
Location: West Orange, NJ
12,079 posts, read 9,388,825 times
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thanks. already got the $8k (they allowed you to do it on the 2009 returns).

just wanted to know if i need anything other than the HUD-1.

Thanks everyone!
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