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Show we can show you a better way. JH GUBLER& ASSOCIATES CERTIFIED PUBLIC ACCOUNTANTS 360W.200N. ' (801)586-9479 MC 1980 CEst&tC By Del Rich J REALTOR , WHICH CLOSING COSTS the amount charged as points -DEDUCTIBLE? provided they are charged as a Expenses connected with the sale of premium for the loan of the money not real estate over and above the selling when charged for services, price are known as closing costs. Some Non-deductible closing expenses are of these are deductible from your in- fo insurance FHA mortgage income in-come tax - others are not. surance, and charges for rent for oc- Property taxes are usually pro-rated cupancy before closing, so that both the buyer and seller each pay the taxes for the portion of the year . . . that each owned the property. Each . K "K" "W may deduct this amount - and only this ' amount - even though one or the other Thlnkl of your home - pays the entire amount. property? II make, sense lo list with the Another deductible item that appears acUve offke i the Southern Utah in closing costs, is interest charged to grea, DEL RICH REALTY-Center & you on the mortgage up to the date of Main, 'closing. Also deductible as interest is 586-9922 S- ;. ' : - - r |