I did the refi for my primary home in 2020, the home was bought in 2012. I just realized that origination fee is deductible, so I did not deduct the origination fee for the first loan in 2012. Can I still get it back or just put it in 2020's tax form since the first loan is closed in 2020.
You'll need to sign in or create an account to connect with an expert.
is the origination fee has to be deducted in the year that the load was started?
Yes, the loan origination fee (points) on your primary mortgage has to be deducted in the year you take out the loan. If you refinance it later, the refinance points are deducted over the life of the loan, but that doesn't apply to the points on the original loan.
It is too late to amend your 2012 tax return, so you cannot deduct those points now.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
nshakur
New Member
bernalshah
New Member
towtime307-gmail
New Member
maylh
Level 1
mistydaniels12
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.