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If origination fees are a set amount in addition to points (stated as a % of loan) on HUD settlement statement, are the origination fees deductible as well as the points?
in this case, origination fee is separately stated from points paid, and is not on 1098
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If origination fees are a set amount in addition to points (stated as a % of loan) on HUD settlement statement, are the origination fees deductible as well as the points?
Yes, they are, just be careful that you're not claiming the same expense twice. Please see a previous answer on this point by TurboTaxMichael1.
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If origination fees are a set amount in addition to points (stated as a % of loan) on HUD settlement statement, are the origination fees deductible as well as the points?
Yes, they are, just be careful that you're not claiming the same expense twice. Please see a previous answer on this point by TurboTaxMichael1.
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