Tax deductible closing costs...not much it seems like..

"But when I sell I can add the closing costs to my cost basis?"

Is that to calculate capital gain or capital loss? For the longest time, people always used to only assume the former.

great post, what exactly is tax deductible, recently purchased a condo, any help is great

Doesn't anyone use a tax accountant any more? No wonder the unemployment rate is so high.

http://www.irs.gov/publications/p530/ar02.html

Sunday is right. Hire a tax accountant.

i am looking for a good tax accountant!!! any reco's???

A friend was telling me how great her accountant was because if she paid him more he can increase her refund. After reviewing her tax form, I saw how he did it. The accountant was stretching the truth a little on a couple of items on her return. It's of course all fine unless she gets audited by the IRS. Just make sure you understand what your 'good accountant' is doing...

Isn't t grt how our govt set up a tax regime that necessitates an entire chunk of our populous to 'manage'. Not only do you have govt friction then you gotta add 'compliance' friction. Can't we just go to consumption tax?

I might be opening a can of whoopasz for myself. Flame on !

I would vote for that.