Credit by Lender

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  • AccTaxMan
    Senior Member
    • Apr 2007
    • 346

    #1

    Credit by Lender

    Taxpayer purchased a primary residence and therefore the loan origination fee is tax deductible this year. But the lender has also given him an "aggregate credit" in the escrow.

    Does the loan origination fee that he can claim has to be reduced by the "aggregate credit"?
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Yes. Lenders often show the points and then give a "credit" for them. Not sure if these equal exactly from your use of "aggregate." It may include other things as well.

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