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    knris's Avatar
    knris Posts: 1, Reputation: 1
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    #1

    Mar 25, 2007, 06:04 PM
    Broker fees
    Can I write off the broker fees that I paid when I refinanced my house? If so were do I deduct them at?
    jaynen76's Avatar
    jaynen76 Posts: 18, Reputation: 5
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    #2

    Mar 25, 2007, 06:17 PM
    Depends on if it were your primary residence or an investment property and how you paid him. This gets very tricky. If you paid him in the traditional fashion via escrow, then probably not. If it were an investment property, you could have written it off on a schedule C (assuming 1040) under commssions; again, depending on how you paid him.
    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #3

    Mar 25, 2007, 06:23 PM
    Quote Originally Posted by knris
    Can I write off the broker fees that I paid when i refinanced my house? If so were do i deduct them at?
    Broker fees should be capitalized as part of the cost of residence. In general it is a personal expense.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 29, 2007, 10:54 AM
    Agreed! The broker fees are a personal expenses and CANNOT be deducted on the 2006 tax return.
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