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

Tips and Deals Forums Buying Your Home I read that title insurance when buying home is tax deductible, is that true?

Viewing 4 reply threads
  • Author
    Posts
    • #207557
      Anonymous
      Inactive

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

    • #263033

      No, it is not true

    • #437947
      Anonymous
      Inactive

      If the dealer had it titled to the dealership then the incentives do not apply.

    • #437948
      Anonymous
      Inactive

      The car would be sold as a new car demo model. The new car warranty would have kicked in when the car was first put into service but yes, the new car incentives should still apply.

    • #437949
      Anonymous
      Inactive

      No the incentives do not apply. It’s pre-owned – the dealer owned it. THey sold the car to themselves, and now are re-selling it to you. So any incentives are wiped out, as the car has already been titled.

Viewing 4 reply threads
  • You must be logged in to reply to this topic.
Register New Account
Reset Password