You are here:
- Home
- Business
- Corporate Law
- Tax Law (Questions About Taxes)
- Refinance mortgage for 2003.
Tax Law (Questions About Taxes)/Refinance mortgage for 2003.
Advertisement
Question
Last July, 2003 I refinanced my home mortgage going to a 10 year fixed, 0 points mortgage. What closing cost items, if any, can I deduct for 2003? I used an internet company (Quicken) and had no attorney, but Quicken did charge loan fees along with other typical closing items.
Dear Doug, The only closing cost items that you can use are any mortgage interest, realestate taxes that were figured into the refinancing....
All the rest are simply information for you to be added to the COST BASIS of your house if or when you ever sell it...
Thank you, karen
Related Articles
Tax Law (Questions About Taxes)
Answers by Expert:
- Rod Dorothy
- Helen P. O`Planick, EA
- Carole Dunton
- Randall Brody, EA, MBA
- Mike Wellman
- Richard Fritzler
- Vanessa D. Powell, CPA
- MEdusa
- Glenn D Schnabel
- IJ Zemelman, EA MBA
- John L. Tidwell
- John Stancil, CPA
- Neil Johnson (The Tax DudeŽ)
- Adam Shay
- Edward L Parsons CPA
- Bruce W. Tyler, EA
- Chea Romine, CPA
- ABRAHAM ITANI, CPA
- WILLIAM D MCCONNAUGHY, CPA
- Jay Allen Finn, CPA
- Mark Trazo, CPA Candidate
- Randall Klein, MBA, EA
Karen Brawner
Expertise
I will help you with your questions regarding personal taxes and sole-proprietorships. I prefer not to answer questions regarding Coporations, Partnerships and LLC`s... Been in accounting and tax preparation field for 38 years, in business for myself in the same fields for 10 years prior to retirement due to disability.
Experience
Been in the field of bookkeeping, accounting and tax preparation for 38 years. Had my own bookkeeping and accounting firm for 10 years and then turned it over to my daughter when I became disabled.
©2012 About.com, a part of The New York Times Company. All rights reserved.