0.25% Escrow Waiver Fee deductible?

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Subject Author Date 0.25% Escrow Waiver Fee deductible? Ian Pilcher 06-05-2009  Re: 0.25% Escrow Waiver Fee deductible? Arthur Kamlet 06-05-2009
Posted by Ian Pilcher on June 5, 2009, 5:30 am Please log in for more thread options Sanity checking which mortgage fees are deductible as "points" (OID). I'm pretty sure that the 1% "Loan Origination Fee" is, but what about a 0.25% "Escrow Waiver Fee"? Thanks! -- ======================================================================== Ian Pilcher arequipeno@gmail.com ======================================================================== -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on June 5, 2009, 12:21 pm Please log in for more thread options >Sanity checking which mortgage fees are deductible as "points" (OID). > >I'm pretty sure that the 1% "Loan Origination Fee" is, but what about a >0.25% "Escrow Waiver Fee"? The buyer generally can deduct HUD-1 Form Lines 801 and 802 only, as points. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Waiver of 60 day rolloverfor IRAs February 24, 2008, 6:40 pm What becomes of losses in an escrow account? December 14, 2008, 7:53 pm Where to enter escrow account expenses? September 26, 2009, 10:51 am How to report rental property's escrow interest? February 18, 2008, 6:14 pm Is this deductible November 30, 2007, 1:51 pm Assets Deductible? February 12, 2007, 12:04 am points deductible? March 12, 2007, 4:54 am Deductible IRA without Wages? March 24, 2008, 1:28 pm Non-deductible IRA question April 28, 2009, 8:40 pm Alternative to IT'S DEDUCTIBLE May 21, 2009, 12:47 pm