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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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does anyone know we can write off our closing costs?
we paid about $13k in closing costs back in august...
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Posted 2/24/06 9:50 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
dandg
LIF Zygote
Member since 1/06 46 total posts
Name:
Gerard
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Re: does anyone know we can write off our closing costs?
Yup...We just wrote off 2k for our closing costs.....
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| Posted 2/24/06 10:12 AM |
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PiyoPika566
talk to the hand
Member since 5/05 1436 total posts
Name:
Stephanie
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Re: does anyone know we can write off our closing costs?
yes you can! 
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| Posted 2/24/06 10:17 AM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: does anyone know we can write off our closing costs?
You can only write off certain stuff on your closing costs. Like your points paid and mortgage interest.
Thats about it. You can't write off any bank fees. You can't write off your title fees.
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| Posted 2/24/06 11:06 AM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: does anyone know we can write off our closing costs?
Tell me more!!! What else??? What do we give to our accountant to do this?
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| Posted 2/24/06 11:31 AM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: does anyone know we can write off our closing costs?
Posted by MissJones
Tell me more!!! What else??? What do we give to our accountant to do this?
Give your accountant your HUD-1 or your Settlement Page from your closing and he will know what you can write off and what you cant.
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| Posted 2/24/06 11:33 AM |
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ODonnell
.
Member since 9/05 5983 total posts
Name:
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Re: does anyone know we can write off our closing costs?
Posted by DjPiLL
You can only write off certain stuff on your closing costs. Like your points paid and mortgage interest.
Thats about it. You can't write off any bank fees. You can't write off your title fees.
Agreed. Only pre-paid interest, tax and any points can be written-off. It's all on your HUD statement received at closing.
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| Posted 2/24/06 11:37 AM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: does anyone know we can write off our closing costs?
Not to sound completely ignorant but what does that look like? I have everything filed nicely but don't know WHAT I am looking for! 
I found the closing statement but on the financial statement page, it includes maintenance, per diem interest for delayed possession, and other misc. things, but nothing that seems likeit could make a difference.
Message edited 2/24/2006 5:56:03 PM.
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| Posted 2/24/06 5:49 PM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: does anyone know we can write off our closing costs?
bump cause I still don't know what I am really looking for 
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| Posted 2/25/06 10:03 AM |
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2Pisces
Life Coach
Member since 2/06 3337 total posts
Name:
Paige
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Re: does anyone know we can write off our closing costs?
We brought our paperwork to the accountant. It says Closing Fees on the top and it had a breakdown of who got what. It actually had photo copies of each check written the day of closing also.
Seller
Lawyer
Bank lady
etc.
etc.
etc.
 hope that helps.
Message edited 2/25/2006 11:42:52 AM.
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| Posted 2/25/06 11:42 AM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: does anyone know we can write off our closing costs?
Thank you. I gotta keep looking but I'm off to a better start!
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| Posted 2/25/06 2:01 PM |
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