Can i write off my mortgage loan modification fees on my 2009 taxes?
In 2009 I sent $3,500 to a loan modification company that was suppose to get my home loan modified. Unfortunately for me the company stole my money, went out of business and I never got my home loan modified.
Can I write off the money used to modify my loan? If so, where would it fall under on my 1040?
Thank you for all your help.
Yes, you can. It falls under the Topic 504 – Home Mortgage Points. Here’s a link with more details on where it falls http://www.irs.gov/taxtopics/tc504.html
You should have saved your money and do the loan Modification yourself. It’s a simple process.
Paul A
www.loankit.org
Yes, you can. It falls under the Topic 504 – Home Mortgage Points. Here’s a link with more details on where it falls http://www.irs.gov/taxtopics/tc504.html
You should have saved your money and do the loan Modification yourself. It’s a simple process.
Paul A
http://www.loankit.org
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