Ace the Florida Real Estate Exam 2025 – Unlock Your Agent Superpowers!

Question: 1 / 400

What can Mariel deduct when buying a home?

Closing costs

Furnishings purchased on credit

Loan origination fee

While Mariel may have to pay for all of the options listed when buying a home, only the loan origination fee can be deducted. Closing costs, furnishings purchased on credit, and utility costs are all expenses associated with buying a home, but they are not eligible for a deduction on taxes. On the other hand, the loan origination fee is considered a financing cost and may be eligible for a deduction on taxes. It is important to note that not all financing costs may be deductible, so it is best to consult with a tax professional for specific guidance.

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Utility costs

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