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10 Most Often Overlooked Real Estate Tax Deductions

  • Failure to deduct principal residence acquisition mortgage fee.
  • Failure to deduct home mortgage refinance loan fees over the life of the home loan.
  • Failure to deduct undedicated loan fees from prior home loan refinance.
  • Failure to deduct any mortgage prepayment penalty you paid.
  • If you changed your job location and your residence, your moving costs may be deductible.
  • Remember to deduct any casualty loss.
  • Failure to deduct prorated property tax in year of home sale or purchase.
  • Failure to deduct prorated mortgage interest in the year of home sale or purchase.
  • Failure to deduct prepaid property taxes and mortgage interest.
  • If your home is on lease land you may be entitled to deduct ground rent.