topic Do I have to record a rate lock extension fee refund from a bank? in Get your taxes done using TurboTax

Do I have to record a rate lock extension fee refund from a bank?

lantzweed1 — Mon, 23 Feb 2026 10:44:44 GMT

wells fargo sent me a refund for increased costs incurred related to closing fees as a result of a rate lock

Re: Do I have to record a rate lock extension fee refund from a bank?

Critter-3 — Wed, 18 Jan 2023 18:47:47 GMT

That is a "rebate" of the fees you paid then you just reduce the expense by the amount of the refund.

Say you paid $100 but they gave you $20 back so now the expense was only $80.

Re: Do I have to record a rate lock extension fee refund from a bank?

Opus 17 — Tue, 24 Jan 2023 19:10:11 GMT

A rate lock fee is not a deductible closing cost (unless it was considered deductible "points"). If you didn't deduct the cost, the refund has no tax consequences.

If you did deduct the rate lock fee on a past tax return (whether as points, or by mistake) a refund of a past deduction is a "taxable recovery" and is listed under "other" or miscellaneous income.