I am pretty sure it is deductible when you a buying a home; just want to know if it is deductible when refinancing as it will impression the earn back time of the refinancing costs.
I’m looking to refinance my mortgage that I started about 5 months ago. Will I be able to deduct the origination fee I payed on the original mortgage on my taxes?
I was legally separated in July, 2009 and my wife got the house. We made mortgage payments together up to our separation date (6 months). She made the mortgage payments for the remainder of the year. Can I claim half of the mortgage interest on my taxes?
I’m filing single.
I mean, if you claim it this year, that means you can’t claim it next year, so why would it matter? Is it smartest to claim 2 years mortgage interest and property taxes in 1 year (1 payment January and one in December?) I’ve just been claiming one per year and not accelerating any payments ever.
Do you have to assume the mortgage after you pay the taxes at the tax sale?