RayW7
Expert Alumni

Get your taxes done using TurboTax

In the year you refinance to a new loan (and retire the prior loan), any existing refinance fees from any prior refinances become an expense and need to be entered in as "Other Expense" item. If the mortgage is financed with the same lender, the unamortized fees on the first loan must be deducted over the term of the new loan.

 

[edited 1/21/2021]|17:15pst