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Refinance Mortgage Expense Deduction?

I'm in the process of refinancing my home mortgage and was wondering if the Home APPRAISAL costs are tax deductible? If so, how and where would it be applied to the Tax Form.

Thanks for any insights charliec

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charliec
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Home APPRAISAL

It is not deductible. According to publication 523, if the appraisal is required by the lender it is not added to your cost basis either.

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removeps-groups

Home APPRAISAL

Thanks for the reply. I will remove it from my list. I have another question, but will place it in another title to not confuse this one. Thanks again charliec

Reply to
charliec

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