Loan origination fee is 0% is this ok

[brezinabnam]

when looking at my house closing papers, I found that there is no numbers form loan origination fee or my loan discount.  Is this ok to have?  Usually, when I file my taxes, I have never had to put anything down when it came to either one of them, so I just want to make sure that I'm not doing something wrong

[MargaretL · Accepted solution]

It is OK and it is common to have no value on the origination loan/loan discount line if you didn't pay any loan origination fees at the closing.  At this point, no entries are needed on your tax return for loan origination.

If you paid any mortgage interest or real estate tax, you can deduct that.  It is also listed on Form 1098 that you should get form the lender.

[brezinabnam]

Thank you so much for the help

[MargaretL]

My pleasure! Good luck in 2017!