- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Unfortunately then, your financing fees are not deductible. Your only deductions are on SCH A, and they only thing you can claim is Mortgage Interest (including the interest pre-paid at the closing) and property taxes. That's it. On top of that, if the total of all your SCH A deductions don't exceed your standard deduction, they make no difference to your tax liability anyway.
March 21, 2021
11:37 AM