Did You Buy or Sell a Home in 2011? Remember Your HUD-1 When Filing Your Taxes

When you buy or sell a home, you will receive in HUD-1 Statement in your closing documents. There are a variety of fees associated with your closing that you can write off on your income tax.

If you cannot find the statement, call the attorney who handled your closing. He/she will have that on file. It is important that you contact your accountant or professional tax preparer to take advantage of these write-offs.

Click Here for a detailed article describing your HUD-1 settlement statement


and here for possible write-offs.

And a note From Judy: If you have a question about buying or selling Real Estate in Fairfield County, and are in need of an Realtor to represent you, I invite you to contact me, and if you have an idea for a topic that you would like to see on The CT Realty Blog, please include it in the "Post a Comment" section link below this post. We appreciate the feedback and look forward to providing you with the best real estate content, advice and service in Fairfield County, Connecticut.