We refinanced our home in CY 2007. When we received our Mortgage Interest 1098, block "2" indicated we paid no points. However, our HUD1A showed we paid amounts for the following items / lines:
0801 Loan Origination Fee
0803 Appraisal Fee
0811 Processing Fee
1101 Settlement or Closing Fee
1103 Title Examination, Abstract, and Property Report
1108 Title Insurance / Title Premium Fees
1201 Recording Fee
1203 State Grantee Tax
The IRS tax pubs have conflicting information as to what we can or cannot deduct from our CY 2007 federal taxes
. I have read on the Internet where some even say these HUD1A items are not deductible at this time, but somehow can be figured in if we were to sell our home (huh?).
My question is: Are any of these items deductible on our CY 2007 federal tax return? If so, which one(s) and where on the bloody tax forms do they go?
Thank you for your time and assistance.