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

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

View solution in original post

1 Reply

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

Still have questions?