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From: dak@hou5e.UUCP
Newsgroups: net.taxes
Subject: Re: House purchase deductions
Message-ID: <904@hou5e.UUCP>
Date: Tue, 31-Jan-84 12:55:15 EST
Article-I.D.: hou5e.904
Posted: Tue Jan 31 12:55:15 1984
Date-Received: Thu, 2-Feb-84 01:17:37 EST
References: ihuxm.808, <331@bunker.UUCP>
Organization: AT&T Information Systems Laboratories, Holmdel, NJ
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Not very many of the expenses in buying a house are deductable.
We deducted the points charged by the bank as interest. The other
expenses, (lawyers fees, survey, application fees, etc) are
considered an expense. When we sell the house, these may be
deducted from the sale price of the house for determining capital
gains. (Also, anything you spend to sell the house, eg, the real
estate fee, is also deductable from the price of the house).

This is information I've gotten from our tax accountant and friends,
so there may be ways to deduct more than I know about.

Debby Kirkman