can we deduct following fees? A. Origination Charges $3,260.00 01 % of Loan Amount (Points) $0 02 Administration Fee $1,295.00

amar_r · ‎March 14, 2025

VictoriaD75

Points paid on a mortgage for a purchase or improvement of a personal residence are deducted in the year they are paid. Points paid to refinance a mortgage must be capitalized and spread over the life of the loan. Loan origination fees, appraisal fees, and other settlement fees are not deductible.

@amar_r

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

Expert does your taxes

Do it yourself

Resources

Support

can we deduct following fees? A. Origination Charges $3,260.00 01 % of Loan Amount (Points) $0 02 Administration Fee $1,295.00

can we deduct following fees? A. Origination Charges $3,260.00 01 % of Loan Amount (Points) $0 02 Administration Fee $1,295.00

Get more help

Do you have a TurboTax Online account?

can we deduct following fees? A. Origination Charges $3,260.00 01 % of Loan Amount (Points) $0 02 Administration Fee $1,295.00

Do you have an Intuit account?

can we deduct following fees? A. Origination Charges $3,260.00 01 % of Loan Amount (Points) $0 02 Administration Fee $1,295.00

Get more help

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert