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Level 2

Are lawyer fees deductible for setting up HELOC?

The state of South Carolina requires a legal fee for establishing the HELOC on personal residence.

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‎June 3, 2019 12:48 PM
last updated ‎June 03, 2019 12:48 PM
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bwa
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Are lawyer fees deductible for setting up HELOC?

Sorry, but those fees add to the cost of the residence.  They are not otherwise deductible.

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‎June 3, 2019 12:49 PM
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bwa
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Are lawyer fees deductible for setting up HELOC?

Sorry, but those fees add to the cost of the residence.  They are not otherwise deductible.

‎June 3, 2019 12:49 PM
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73mb
Level 2

Are lawyer fees deductible for setting up HELOC?

Thank you!  I am delighted to learn that when I sell my home it will reduce the taxes I will incur since I have lived here many years and the value increased beyond the exclusion.
‎June 3, 2019 12:49 PM
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