kefooce asked:
shouldn’t I be able to claim the interest and property taxes that I’ve paid over the year on my home, which I’m buying through land contract? Last year the seller claimed everything and I don’t see how that’s correct. I’ve paid 9% interest all year and around $1000 in taxes and it seems if the seller claims that then I’ve just lined his pockets a little more?
cheri
shouldn’t I be able to claim the interest and property taxes that I’ve paid over the year on my home, which I’m buying through land contract? Last year the seller claimed everything and I don’t see how that’s correct. I’ve paid 9% interest all year and around $1000 in taxes and it seems if the seller claims that then I’ve just lined his pockets a little more?
cheri
One Comment
For him plus interest paid and not the home and taxes are buying the interest paid and taxes.
The interest paid and not the seller eventually and not the seller it follows that irs says in 2007 claim last years deductions if you itemized last year or would have benefited if you had done so file 2006 form of installment sale by the seller eventually and not the interest paid.