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Is a loan processing fee tax deductible?

Charlotte Young | 2023-06-05 06:08:35 | page views：1113
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Isabella Brooks

Studied at the University of Amsterdam, Lives in Amsterdam, Netherlands.
The mortgage interest deduction reduces the tax burden for many homeowners. ... As such, you cannot claim a mortgage processing fee for a personal residence loan as a write off, although it may have value when you sell. These rules also apply to your California income taxes, since they generally follow federal law.
2023-06-13 06:08:35
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Lucas Turner

QuesHub.com delivers expert answers and knowledge to you.
The mortgage interest deduction reduces the tax burden for many homeowners. ... As such, you cannot claim a mortgage processing fee for a personal residence loan as a write off, although it may have value when you sell. These rules also apply to your California income taxes, since they generally follow federal law.
Are Mortgage Processing Fees Deductible? | Home Guides | SF Gate
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