The following home loan expenses are deductible:
·
Daily mortgage interest from the day you closed to the end of the month.
You will see this on your closing document, but it may not be included on
your 1098 mortgage statement.
· Real estate taxes charged
to you
·
Points (sometimes called
origination fees and expressed as a percentage of the loan
ampont.
· Mortgage insurance, if
paid
Non-Deductible closing Costs
·
Attorney fees in connection with obtaining
property
·
Real estate commissions
·
State stamp taxes and transfer taxes
·
Tax service fees
·
Title policy fees or title insurance
·
Miscellaneous abstracts of title, surveys,
recording of deed
·
Appraisal Costs
