While refinancing our house was appraised $3500 less than it needed to be for the refinancing to go through. Is this considered a "settlement fee"/downpayment? Or something else? Is it tax deductible?

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While refinancing our house was appraised $3500 less than it needed to be for the refinancing to go through. Is this considered a "settlement fee"/downpayment? Or something else? Is it tax deductible?

Whatever it is, it is not tax deductible.

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While refinancing our house was appraised $3500 less than it needed to be for the refinancing to go through. Is this considered a "settlement fee"/downpayment? Or something else? Is it tax deductible?

Whatever it is, it is not tax deductible.

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