Can I write off my down payment on a house I bought on my taxes?
No.You only get to write off the interest you pay on your mortgage against your earned income....this will be reported to you by your mortgage lender on a Form 1098
Answered -
About Mortgage
A mortgage is a loan that is secured by a property/house and is paid in installments over a set period of time. For buying homes, mortgage loans are used almost always around the world, only in rare cases are cash or other forms of credit used for payment. The word mortgage comes from a Law French term meaning ''dead pledge.'' This means the pledge ends when the obligation is fulfilled, or the property is taken through foreclosure.
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