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Expenses connected with the sale of real estate over and above the selling price are known as closing costs. Some of these are deductible from your income tax - others are not.
Property taxes are usually pro-rated so that both the buyer and seller each pay the taxes for the portion of the year that each owned the property. Each may deduct this amount - and only this amount - even though one or the other pays the entire amount.
Another deductible item that appears in closing costs, is interest charged to you on the mortgage up to the date of
78.6%