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Tax Information for First-Time Homeowners in Miami Beach, FL


Miami Beach Homepage: Real Estate Homepage




Publication 530Tax Information for First-Time HomeownersFor use in preparing 2002 Returns-------------------------------------------------------------------------------- Table of Contents Click for Index Publication 530, Tax Information for First-Time HomeownersImportant Reminders What You Can and Cannot Deduct Real Estate Taxes Deductible Taxes Items You Cannot Deduct as Real Estate Taxes Special Rules for Cooperatives Home Mortgage Interest Deductible Mortgage Interest Mortgage Interest Paid at Settlement Points Where To Deduct Home Mortgage Interest Mortgage Interest Statement Mortgage Interest Credit Figuring the Credit Limits Dividing the Credit Carryforward Refinancing Basis Figuring Your Basis Cost as Basis Gift Inheritance Adjusted Basis Keeping Records How To Get Tax Help --------------------------------------------------------------------------------Index Click for Table of Contents AAdjusted basis BBasis CConstruction Cooperatives Cooperatives Cost basis Credit, District of Columbia first-time homebuyer Credit, Mortgage interest DDeduction, Real estate taxes EEscrow accounts FForm, 1098 Form, 8396 Form, 8396 GGround rent HHome, Inherited Home, Purchase of Home, Received as gift Homeowners association assessments House payment Housing allowance, minister or military IImprovements Insurance Insurance Interest, Home mortgage Interest, Prepaid LLate payment charge Local benefits, assessments for MMortgage credit certificate (MCC) Mortgage insurance premiums Mortgage interest, Deduction Mortgage prepayment penalty NNondeductible payments Nondeductible payments PPoints RRecordkeeping Refund of, Mortgage interest Refund of, Mortgage interest Refund of, Real estate taxes Repairs SSettlement or closing costs, Basis of home Settlement or closing costs, Mortgage interest Settlement or closing costs, Real estate taxes Settlement or closing costs, Real estate taxes Stamp taxes Suggestions TTaxes, real estate Taxpayer Advocate TTY/TDD information WWhat you can and cannot deduct


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