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wdonohoe
New Member

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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JohnW15
Intuit Alumni

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.

https://ttlc.intuit.com/replies/5666535

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1 Reply
JohnW15
Intuit Alumni

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.

https://ttlc.intuit.com/replies/5666535

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