https://ttlc.intuit.com/community/tax-credits-deductions/discussion/purchased-a-new-home-needed-more-time-to-close-in-which-i-was-charged-a-late-closing-fee-shown-in/01/428212#M54608 Tue, 04 Jun 2019 21:36:24 GMT joseph-orleans 2019-06-04T21:36:24Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/purchased-a-new-home-needed-more-time-to-close-in-which-i-was-charged-a-late-closing-fee-shown-in/01/428212#M54608 Tue, 04 Jun 2019 21:36:24 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/purchased-a-new-home-needed-more-time-to-close-in-which-i-was-charged-a-late-closing-fee-shown-in/01/428212#M54608 joseph-orleans 2019-06-04T21:36:24Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortunately-a-late-closing-fee-is-not-deductible-how/01/428220#M54611 <P> Unfortunately, a late closing fee is not deductible.</P><P> </P><P>However,&nbsp;the following expenses are deductible at closing:</P><P> </P><UL> <LI>Daily mortgage interest from the day you closed to the end of the month. &nbsp;You will see this on your closing document, but it may not be included on your 1098 mortgage statement.</LI> <LI>Real estate taxes charged to you</LI> <LI>Points (sometimes called origination fees and expressed as a percentage of the amount borrowed. On a refinance they need to be amortized over the life of the loan unless the points were used to improve your main home&nbsp;</LI> <LI>Mortgage insurance, if paid </LI> </UL><P> </P><P>&nbsp;</P><P> &nbsp;</P> <P> <BR /></P> Tue, 04 Jun 2019 21:36:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unfortunately-a-late-closing-fee-is-not-deductible-how/01/428220#M54611 Marketstar 2019-06-04T21:36:25Z