Ask Experts Questions for FREE Help !
Ask
    xxximino's Avatar
    xxximino Posts: 2, Reputation: 1
    New Member
     
    #1

    Sep 19, 2017, 07:49 PM
    How to categorize loan origination fees?
    Hi, I would like to ask on where should I categorize the loan origination fees? The loan is a business loan. The loan is 100k.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Sep 19, 2017, 11:34 PM
    They are a capital transaction

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Loan Fees to Purchase a Business Property are deductible or? [ 6 Answers ]

The business bought an office building to conduct their business. The escrow statement includes Loan Fees. Do they get added to the basis of the building or do they get expensed or amortized?

Is HUD-1 origination charge tax deductible? [ 3 Answers ]

I had a refinance on my home in 2012. Can I deduct the origination charge with the follow numbers from HUD-1: HUD line #801 (our orig chg) = 1099 HUD line #802 (your credit or charge (points) for the spec. interest rate = -2775 HUD line# 803 (your adjusted origination chgs = -1676 Thanks,...

Payday loan fees typical? [ 3 Answers ]

How much fee do you pay for payday loans? If you check out some of the fees or interest rates here No Teletrack Payday Loans Mississippi ($400, 18%) Missouri ($500, 75%) Montana ($300, 25%) Nebraska ($500, 15%) Nevada (no limit, no limit) New Hampshire ($500, no limit) New Mexico (no...


View more questions Search