I purchased a primary residence in 2018 using a VA loan. Is the VA funding fee that I was charged tax deductible

Forum|Forum|7 years ago
June 1, 2019
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No.

According to the IRS:

“Amounts charged for services. Amounts charged by the lender for specific services connected to the loan aren't interest. Examples of these charges are: • Appraisal fees, • Department of Veterans Affairs (VA) funding fees, • Mortgage insurance premiums, • Notary fees, and • Preparation costs for the mortgage note or deed of trust. You can't deduct these amounts as points either in the year paid or over the life of the mortgage.”

https://www.irs.gov/pub/irs-pdf/p936.pdf

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