- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
None of the origination charges in your first screenshot are deductible. If the mortgage was for the purchase, the prepaid interest, or points, are deductible in the year paid. If it is for a refinance, they must be capitalized and deducted over the life of the loan.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 14, 2025
10:42 AM
1,274 Views