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From: jpexg@mit-hermes.ARPA (John Purbrick)
Newsgroups: net.taxes
Subject: Re: taxes & home purchase
Message-ID: <2448@mit-hermes.ARPA>
Date: Mon, 12-Aug-85 18:34:51 EDT
Article-I.D.: mit-herm.2448
Posted: Mon Aug 12 18:34:51 1985
Date-Received: Wed, 14-Aug-85 23:34:00 EDT
References: <10951@rochester.UUCP>
Organization: The MIT AI Lab, Cambridge, MA
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> From: Hans Koomen 
> 
> Can anyone give me any info or pointers to reading material on the
> fiscal implications of (first time) home purchase?  Not just mortgage
> interest deduction, but things like (which part of) closing costs,
> property taxes held in escrow, etc.

As usual, the best advice, at the best price (free), comes from the IRS.
They have a publication specially for homeowners, though I don't know the
exact title or publication number. Call your local IRS office. But it 
does include the information you asked about.