If I gift money for closing costs on a house, is it tax deductible?

Credit and mortgage advice Forums Buying Your Home Buying Your Home If I gift money for closing costs on a house, is it tax deductible?

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    • #356039
      Anonymous
      Inactive

      I live in Nebraska, my daughter lives in California and is purchasing a house. She has asked me to help with closing costs and the money will be contributed as a gift. Can I deduct this on my taxes?

      Thank you.



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