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lmf569
New Member

Tax Year Prior to 2020: I refinanced and my loan origination fee was paid by the mortgage company on my behalf. Can I deduct this fee?

 
1 Reply
KarenL2
Level 5

Tax Year Prior to 2020: I refinanced and my loan origination fee was paid by the mortgage company on my behalf. Can I deduct this fee?

Yes. However, they have to be spread out over the term of the loan. The software will prompt you to select that.  (Points can also be called loan origination fees, maximum loan charges, discount points, or loan discount.)

You can also deduct any interest or real estate taxes on your Settlement Statement that are not already included on your Form 1098. Only pro-rated amounts can be deducted, not prepaid amounts held for escrow.


What kinds of refinancing costs can I deduct? 

https://ttlc.intuit.com/replies/3300426



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