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I've been deducting origination fee on a refi over 30 years.The mtg co sold my loan-not a refi-do I keep on same amortiz schedule or deduct remaining pts in the yr sold?

 
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KrisD
Intuit Alumni

I've been deducting origination fee on a refi over 30 years.The mtg co sold my loan-not a refi-do I keep on same amortiz schedule or deduct remaining pts in the yr sold?

Stay on the same schedule. 

The transfer of the loan is not a refinance or sale for you.  

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1 Reply
KrisD
Intuit Alumni

I've been deducting origination fee on a refi over 30 years.The mtg co sold my loan-not a refi-do I keep on same amortiz schedule or deduct remaining pts in the yr sold?

Stay on the same schedule. 

The transfer of the loan is not a refinance or sale for you.  

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