Welcome Guest. Register Now!  

Itemized Deductions Schedule-A

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-09-2014, 10:17 PM
Junior Member
Join Date: Feb 2014
Posts: 1
Refinance Tax Deductions?

I refinance my house in 2013, I understand I can write off entire points/orig. fee balance from original loan (2004) that had been being ammor. over 15 years. I started the ammor. tax deduction in 2004 and claimed the usual aount through 2006, but then stopped for some reason (probably just forgot about it).......the question is, the balance I'm claiming for deduction from 2006, or is it from 2013 what it would have been if I had kept up with the usual ammor. scheduled deduction from 2007 up until 2013?
The second question is, I refinaced in early Dec/2013, so my first payment was not until Feb/2014.......so the points/orig. fee paid on the new refinance loan, the ammor. schedule deduction would start in 2013 tax return or not until 2014 tax return since that was my first mortage payment?

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Are loan fees from refinance of primary home deductible? Hiltie Rental Real-Estate 1 02-17-2011 04:47 AM
Buying a business with home refinance dollars CoffeeNut Miscellaneous 0 01-10-2010 09:16 PM
First Time Home Buyer Credit - refinance into existing property? Freefall_Doug Homeowner Tax 0 08-11-2009 10:53 AM
refinance question cmoore Homeowner Tax 0 02-02-2009 10:10 PM
Points paid on refinance-Deductibility??? Adam Itemized Deductions 1 01-25-2007 11:25 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning