jrf@hp-pcd.UUCP (James Fontenot) (08/30/83)
#N:hp-pcd:14900004:000:105 hp-pcd!jrf Aug 29 11:50:00 1983 Where and when should one deduct "Loan Origination Fees" incurred when financing a residence? Thanks
johnson@hplabs.UUCP (Mark Scott Johnson) (08/31/83)
I've just listed them as "Loan Points" on one of the blank lines under the "Interest" section of Schedule A. By the way, loan origination fees are only deductible if the loan is to buy or improve a personal residence. Refinancing fees must be amortized, as must such fees for recreational and investment property. -- Mark Scott Johnson