LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

does anyone know we can write off our closing costs?

Posted By Message

raken40
soooo in love:)

Member since 5/05

4369 total posts

Name:
Karen

does anyone know we can write off our closing costs?

we paid about $13k in closing costs back in august...

Posted 2/24/06 9:50 AM
 
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

Re: does anyone know we can write off our closing costs?

Yup...We just wrote off 2k for our closing costs.....

Posted 2/24/06 10:12 AM
 

PiyoPika566
talk to the hand

Member since 5/05

1436 total posts

Name:
Stephanie

Re: does anyone know we can write off our closing costs?

yes you can! Chat Icon

Posted 2/24/06 10:17 AM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

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.

Posted 2/24/06 11:06 AM
 

MissJones
I need a nap!

Member since 5/05

22136 total posts

Name:

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?

Posted 2/24/06 11:31 AM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

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.

Posted 2/24/06 11:33 AM
 

ODonnell
.

Member since 9/05

5983 total posts

Name:

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.

Posted 2/24/06 11:37 AM
 

MissJones
I need a nap!

Member since 5/05

22136 total posts

Name:

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! Chat Icon

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.

Posted 2/24/06 5:49 PM
 

MissJones
I need a nap!

Member since 5/05

22136 total posts

Name:

Re: does anyone know we can write off our closing costs?

bump cause I still don't know what I am really looking for Chat Icon

Posted 2/25/06 10:03 AM
 

2Pisces
Life Coach

Member since 2/06

3337 total posts

Name:
Paige

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.

Chat Icon hope that helps.

Message edited 2/25/2006 11:42:52 AM.

Posted 2/25/06 11:42 AM
 

MissJones
I need a nap!

Member since 5/05

22136 total posts

Name:

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!Chat Icon

Posted 2/25/06 2:01 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
I know faux flowers are "tacky" but I love these! Help me pick one! MABLE03 8/17/06 18 Families Helping Families ™
CLOSING COSTS-UPDATE ON BOTTOM LIBOUND 12/3/05 28 Home
Closing Costs Redhead 7/3/05 23 Home
refinancing closing costs.... bluegrl24NY 6/16/05 7 Home
did many of you put your closing costs in with your mortgage? raken40 6/2/05 2 Home
question-if you decide to put your closing costs into your mortgage, raken40 5/24/05 0 Home
 
Quick navigation:   
Currently 67949 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows