Third Party Mortgage Fee Paid on HUD

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604

    #1

    Third Party Mortgage Fee Paid on HUD

    Client refinance and since there is no seller, this appears on HUD which my client paid when they refinance. Tax deductible on schedule A and if so where?
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Mortgage fee or mortgage insurance premium? Fees would be added to basis.

    Comment

    • AZ-Tax
      Senior Member
      • Feb 2008
      • 2604

      #3
      Taking directly from HUD word for word

      Third Party Mortgage Fee Paid

      Comment

      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #4
        Then I would say not deductible. Sounds like an underwriting fee for mortgage lender who then sells mtge to a third party. If they cannot tell you exactly then no deduct.

        Comment

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