Loan origination fees are deductible if they are stated as a percentage of the loan amount on the closing statement. If your origination fee qualifies you can add it to the other interest you paid on your construction loan and deduct it. You report it the same way you would if you had a Form 1098. For instructions go to: Where do I enter my 1098 mortgage interest statement? For your other loan fees you can add them to the cost basis of your house.
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