cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

HUD-1 Origination Fees and Points

If I got the seller to pay for my origination fees and points can I still report them?
1 Best answer

Accepted Solutions
Employee Tax Expert

HUD-1 Origination Fees and Points

Yes, you can.

A home buyer can deduct loan origination fees (called origination charge) and points (loan discount) even if paid by seller.

1. Deductions & Credits

2. Mortgage Interest and Refinancing; simply Add a Lender, select Continue and select the box "This is a new loan on which I paid points (origination fees)" and any of the options that apply to your situation. 

Note: application fees, survey, credit check, etc. are not tax deductible.

More details:

https://ttlc.intuit.com/replies/4848480

2 Replies
Employee Tax Expert

HUD-1 Origination Fees and Points

Yes, you can.

A home buyer can deduct loan origination fees (called origination charge) and points (loan discount) even if paid by seller.

1. Deductions & Credits

2. Mortgage Interest and Refinancing; simply Add a Lender, select Continue and select the box "This is a new loan on which I paid points (origination fees)" and any of the options that apply to your situation. 

Note: application fees, survey, credit check, etc. are not tax deductible.

More details:

https://ttlc.intuit.com/replies/4848480

Level 1

HUD-1 Origination Fees and Points

Yes, application fees, survey, credit check, etc. are not tax deductible in the same year, but increases basis of the purchase. On the other hand, you have to report the credit from seller in future sale  which reduced Basis. (increase capital gain.)