Publication 530 - Tax Information For First-Time Homeowners

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To help us develop a more useful index, please let us know if you have ideas for index entries.

Index

See “Comments and Suggestions” in the “Introduction” for the ways you can reach us.

Recordkeeping . . . . . . . . . . . . . . 10

Refund of:

Adjusted basis . . . . . . . . . . . . . . 10

Gift of home . . . . . . . . . . . . . . . . . . 9

MCC (Mortgage credit

Mortgage interest . . . . . . . . . 3, 6

certificate) . . . . . . . . . . . . . . . . . 7

Assessments:

Ground rent . . . . . . . . . . . . . . . . . . 4

Real estate taxes . . . . . . . . . . . . 3

For local benefits . . . . . . . . . . . . 3

Minister’s or military housing

Repairs . . . . . . . . . . . . . . . . . . . . . 10

Homeowners association . . . . 3

allowance . . . . . . . . . . . . . . . . . . 2

Assistance (See Tax help)

More information (See Tax help)

Help (See Tax help)

Mortgage credit certificate

Home:

(MCC) . . . . . . . . . . . . . . . . . . . . . . 7

Sales taxes . . . . . . . . . . . . . . . . . . . 3

Acquisition debt . . . . . . . . . . . . . 6

Mortgage insurance

Settlement or closing costs:

Basis . . . . . . . . . . . . . . . . . . . . . . . . . 8

Inherited . . . . . . . . . . . . . . . . . . . 10

premiums . . . . . . . . . . . . . . . . . . 6

Basis of home . . . . . . . . . . . . . . . 9

Mortgage interest . . . . . . . . . . . 3

Mortgage interest:

Mortgage interest . . . . . . . . . . . 4

Purchase of . . . . . . . . . . . . . . . . . 9

Credit . . . . . . . . . . . . . . . . . . . . . . 7

Real estate taxes . . . . . . . . . . 2, 9

Received as gift . . . . . . . . . . . . . 9

Certificate, mortgage

Deduction . . . . . . . . . . . . . . . . . . . 3

Stamp taxes . . . . . . . . . . . . . . . . . . 3

Homeowners association

credit . . . . . . . . . . . . . . . . . . . . . . 7

Late payment charge . . . . . . . . 4

assessments . . . . . . . . . . . . . . . 3

Statement, mortgage

Comments on publication . . . . 2

Paid at settlement . . . . . . . . . . . 4

interest . . . . . . . . . . . . . . . . . . . . 6

House payment . . . . . . . . . . . . . . 2

Construction . . . . . . . . . . . . . . . . . 9

Refund . . . . . . . . . . . . . . . . . . . 3, 6

Suggestions for

Housing allowance, minister or

Statement . . . . . . . . . . . . . . . . . . 6

Cooperatives . . . . . . . . . . . . . . . 3, 4

publication . . . . . . . . . . . . . . . . . 2

military . . . . . . . . . . . . . . . . . . . . . 2

Mortgage prepayment

Cost basis . . . . . . . . . . . . . . . . . . . . 9

penalty . . . . . . . . . . . . . . . . . . . . . 4

Credit:

Mortgage interest . . . . . . . . . . . 7

Tax help . . . . . . . . . . . . . . . . . . . . . 12

Improvements . . . . . . . . . . . . . . . 10

Taxes:

Inheritance . . . . . . . . . . . . . . . . . . 10

Nondeductible payments . . . . . 2,

Real estate . . . . . . . . . . . . . . . 2-3

Insurance . . . . . . . . . . . . . . . . . . 2, 9

Deduction:

Sales . . . . . . . . . . . . . . . . . . . . . . . 3

Interest:

Home mortgage interest . . . . . 3

Taxpayer Advocate . . . . . . . . . . 12

Home mortgage . . . . . . . . . . . . . 3

Real estate taxes . . . . . . . . . . . . 2

Transfer taxes . . . . . . . . . . . . . . . . 3

Prepaid . . . . . . . . . . . . . . . . . . . . . 4

Points . . . . . . . . . . . . . . . . . . . . . . . . 4

TTY/TDD information . . . . . . . . 12

Prepaid interest . . . . . . . . . . . . . . 4

Escrow accounts . . . . . . . . . . . . . 2

Publications (See Tax help)

Keeping records . . . . . . . . . . . . 10

What you can and cannot

deduct . . . . . . . . . . . . . . . . . . . . . 2

Fire insurance premiums . . . . . 9

Real estate taxes . . . . . . . . . . . . . 2

■

Late payment charge . . . . . . . . . 4

Deductible . . . . . . . . . . . . . . . . . . 2

Form:

Local benefits, assessments

Paid at settlement or

1098 . . . . . . . . . . . . . . . . . . . . . . . 6

for . . . . . . . . . . . . . . . . . . . . . . . . . 3

closing . . . . . . . . . . . . . . . . . 2, 9

8396 . . . . . . . . . . . . . . . . . . . . . . . 7

Refund or rebate . . . . . . . . . . . . 3

Free tax services . . . . . . . . . . . . 12

Publication 530 (2007)

Page 13

Publication 530 - Tax Information For First-Time Homeowners - 2007 Page 13

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