Ask Tax Question
I Refinance My House In 2013, I Understand I Can Write Off Entire Points/orig. Fee Balance From Original Loan (2004) That Was Being Ammor....
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

You can claim the remaining unused points for the original loan on the 2013 return but only to the amount you would have left if you had taken them all the prior years. You are also correct on taking the new...   Read More
We Have A HUD Statement On The Closing Of Our Home We Just Refinanced. Is Any Of This Deductable?
User Photo Lisa Nason CPA, MST
Tax Professional Level: Tax Enthusiast

If the mortgage refinance was for your main or second home then you are only allowed to deduct qualifying points over the life of the loan. Qualifying points are usually fees paid to the lender for the loan. Bank...   Read More

Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director


View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Log into Tax Connections

Not a member?    Register Now For a Free Account
I've forgotten my password



Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today