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Financial Planning / Tax Strategies


Subject:  Re: refinancing costs tax deductable Date:  4/2/2013  8:16 PM
Author:  TMFPMarti Number:  118253 of 130961

We refinanced our home in 2012 can we deduct any of the appraisal fees, credit report fees, flood certification, title services and lenders insurance, lien letters, recording fees? Are there any other fees other than the daily interest fees that can be deducted?

Other than interest to the end of the month, the only other possibility would be if the tax payment due date was close enough that real estate taxes were paid out of the closing. All of the fees and expenses are costs of getting the money, thus not deductible.

I think these issues are covered in Pub 530.

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