I read that title insurance when buying home is tax deductible, is that true?

May 6th, 2010

If so, what does it fall under in the tax deductions? Thank you all so much. Yahoo answers is great.

Related

Replys

  1. Richard M - May 6th, 2010 at 4:38 pm

    Title insurance is not tax deductible. However, you add it to the cost basis of the house, so it will reduce your capital gain (if you sell the house at a profit) when you sell the house.

  2. Tim - May 6th, 2010 at 4:38 pm

    No, it is not true

Leave a Reply