https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-mortgage-orgination-fees-from-previous-year/01/102403#M12692 I purchased a home in 2015, paid fees to acquire the mortgage and did not benefit from 1st time home buyer credits. Is it possible for me to itemize my deductions for 2016 to reflect these additional tax breaks? Thanks. Sat, 01 Jun 2019 04:29:17 GMT cjacoobs 2019-06-01T04:29:17Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-mortgage-orgination-fees-from-previous-year/01/102403#M12692 I purchased a home in 2015, paid fees to acquire the mortgage and did not benefit from 1st time home buyer credits. Is it possible for me to itemize my deductions for 2016 to reflect these additional tax breaks? Thanks. Sat, 01 Jun 2019 04:29:17 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-mortgage-orgination-fees-from-previous-year/01/102403#M12692 cjacoobs 2019-06-01T04:29:17Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-total-loan-origination-fees-on-a-purchase-of-a-new-ho/01/102411#M12694 <P>The total loan origination fees on a purchase of a new home <B>are deductible in the year of purchase or deducted over the life of the loan.&nbsp;</B></P><P> <B>You can't deduct all of the loan origination fees paid in 2015, on the 2016 return, unless you spread them over the life of the mortgage.</B> </P><P><B>For example,</B> lets say the total loan Origination&nbsp;fees were, $2,500. &nbsp;Then $100 is deducted each year on a 25 year mortgage ($2,500/25 years = $100)<BR /></P> Sat, 01 Jun 2019 04:29:18 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-total-loan-origination-fees-on-a-purchase-of-a-new-ho/01/102411#M12694 MichaelL1 2019-06-01T04:29:18Z