- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax help for military filers
No, unfortunately thr VA funding fees are not deductible in 2019.
Amounts charged by the lender for specific services connected to the loan aren't interest. Examples of these charges are:
-
Appraisal fees,
-
Department of Veterans Affairs (VA) funding fees,
-
Mortgage insurance premiums,
-
Notary fees, and
-
Preparation costs for the mortgage note or deed of trust.
You can't deduct these amounts as points either in the year paid or over the life of the mortgage. (See IRS Publ. 936 Amounts charged for services)
**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"
‎January 27, 2020
7:00 PM