p*******p
发帖数: 220 | 1 according to IRS, the origination fee for loan application is deductable. if
the origianl fee is
$A and the rebate from lender is $B (B>A) for no-closing cost purchase/refi
lan, is the origination fee $A deductable?
thanks. | h****3
发帖数: 187 | 2 if you're referring to "point", it's deductible on purchase loan. point
charge on refi loan has to be amortized over the "term" of the loan. e.g.
30 or 15 yrs.
closing costs is to be added to the "cost basis" of your prop.
if
refi
【在 p*******p 的大作中提到】
: according to IRS, the origination fee for loan application is deductable. if
: the origianl fee is
: $A and the rebate from lender is $B (B>A) for no-closing cost purchase/refi
: lan, is the origination fee $A deductable?
: thanks.
| h****3
发帖数: 187 | 3 btw, you only count the costs/fees you "actually paid". if it's reimbursed
or offset by rebate, then doesn't count.
if
refi
【在 p*******p 的大作中提到】
: according to IRS, the origination fee for loan application is deductable. if
: the origianl fee is
: $A and the rebate from lender is $B (B>A) for no-closing cost purchase/refi
: lan, is the origination fee $A deductable?
: thanks.
| p*******p
发帖数: 220 | 4 Hi hkmbb3,
Thanks for your answers. I think you are a tax expert and I do believe you
are right. However, I can not find the words from IRS instrucions to support
"
you only count the costs/fees you "actually paid". if it's reimbursed
or offset by rebate, then doesn't count."
could you point me out the offical IRS explanation to support that?
Thanks again.
reimbursed
【在 h****3 的大作中提到】
: btw, you only count the costs/fees you "actually paid". if it's reimbursed
: or offset by rebate, then doesn't count.
:
: if
: refi
|
|
