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user3424
Level 2
February 1, 2022
Question

Can I deduct the self paid cost for an appraisal for refinancing my house?

  • February 1, 2022
  • 2 replies
  • 17 views
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2 replies

LeonardS
LeonardS
Level 14
February 1, 2022

No, you can not deduct appraisal costs on a refinance of your house.

You can only deduct closing costs for a mortgage refinance if the costs are considered mortgage interest or real estate taxes.

Your closing costs are not tax-deductible if they are fees for services, like title insurance and appraisals.

 

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user3424Author
Level 2
February 4, 2022

Thanks

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