- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Are origination fees deductible
Where do I enter origination fees for the deduction?
June 6, 2019
4:49 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, origination fees (or "points") are a deductible expenses for an original purchase or a refinance.
On a refinance, you may need to amortize an origination fee (if paid) over the life of the loan. TurboTax will walk you through this process.
Enter your origination fee pet the below sequence:
Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing, and Insurance- (See Did you pay points in 2016 when you took out the loan? page)
June 6, 2019
4:49 AM