Can I deduct a mortgage finance charge that resulted from paying off the mortgage early?

weoweirs · ‎June 6, 2019

MinhT · ‎June 6, 2019

If you pay off your home mortgage early, you may have to pay a penalty. You can deduct that penalty as home mortgage interest provided the penalty isn't for a specific service performed or cost incurred in connection with your mortgage loan.

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MinhT · ‎June 6, 2019

If you pay off your home mortgage early, you may have to pay a penalty. You can deduct that penalty as home mortgage interest provided the penalty isn't for a specific service performed or cost incurred in connection with your mortgage loan.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can I deduct a mortgage finance charge that resulted from paying off the mortgage early?