Is an administrative fee labeled under origination fees, tax-deductible on a new home purchase?
In a new home purchase, if there is an administrative fee that is under the origination fee heading, is this tax-deductible? The fee is a flat fee, not a percentage of the loan amount.
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1 Replies
MinhT
Expert Alumni
Jun 4, 2019 3:24:56 PM
No, the administrative fee is not deductible. To be deductible, origination fees (or points) must be calculated as a percentage of the loan principal.