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user3424
New Member

Can I deduct the self paid cost for an appraisal for refinancing my house?

 
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LeonardS
Expert Alumni

Can I deduct the self paid cost for an appraisal for refinancing my house?

No, you can not deduct appraisal costs on a refinance of your house.

You can only deduct closing costs for a mortgage refinance if the costs are considered mortgage interest or real estate taxes.

Your closing costs are not tax-deductible if they are fees for services, like title insurance and appraisals.

 

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user3424
New Member

Can I deduct the self paid cost for an appraisal for refinancing my house?

Thanks

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