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Author: JREDDY Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120781  
Subject: First time home buyer Date: 4/8/1998 4:22 PM
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Hi,

We bought a house in 12/96 and for the tax year of 1996, I just took a standard deduction as it was greater than itemizing. (didn't itemize closing costs etc.) I was told that I can carryover these closing costs in to the 1997 tax year. In 1997 also I have to take a standard deduction as my mort. interest and property taxes together are less than the standard deduction. Can I carryover these closing costs to the following year?

Thanks a lot.
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