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If an individual taxpayer does a refi on a commercial
If an individual taxpayer does a refi on a commercial property and incurs a prepayment penalty - is that allowable as an additional interest deduction on the schedule E - the taxpayer paid in an amoun… read more
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I sold my main residence in AUG2005. During settlement I had
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I own a leas on a drug store. I want to pay off the mortgage
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jgordosea
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Can you deduct a prepayment penalty on a loan if the penalty
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If I mortgage a $265000 house in Illinois with ~ $40K interest
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In April of this year, I refinanced my home loan, it was previously
In April of this year, I refinanced my home loan, it was previously a adjustable rate loan. there was a prepayment penalty when the old loan was paid off. I have read that prepayment penalties are tax… read more
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I refinanced my house this year. Aside for mortgage ...
I refinanced my house this year. Aside for mortgage interest and taxes, can I write off closing costs or prepayment penalties?… read more
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Can I write off my pre-payment penalty, payed during a ...
Can I write off my pre-payment penalty, payed during a Refi? In June of 2007, I refinance my home loan for my primary residence. In doing so, I incurred a pre-payment penalty. According to the documen… read more
jgordosea
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i refin. my home in 2007 and had to pay a prepayment ...
i refin. my home in 2007 and had to pay a prepayment penalty to the original loan is the prepayment penalty tax deductable… read more
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What part of my closing costs and prepayment penalties are ...
What part of my closing costs and prepayment penalties are tax deductable and what tax forms do I use to claim them… read more
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Is a defeasance fee another way of saying prepayment ...
Is a defeasance fee another way of saying prepayment penalty, which is charged if the mortgage is settled within a specified time or is it interest expense?… read more
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is commision paid on selling your primary resident tax deductable
To whome it may concern, I have 2 questions please? 1- Is the prepaymet penalty on your home loan tax deductalbe? 2- Is the commision paid on selling your primary resident tax deductable?… read more
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I just recently paid off a home equity loan before the three years. I just refinanced into another home equity loan. Just wondering if the prepay penalty was tax deductible?… read more
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Is the Prepayment Fee on mortgage closing loans tax deductible
I paid one months interest of $949.35 and a prepayment fee of $4,771.24 after I refinanced my mortgage with another company. Can these amounts be deducted on my income tax form and where do I record t… read more
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