Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Tax Implications From FHA Refi

Reply to topic
Money Talk > Taxes

Author Thread
mopowers
Contributing Member


Cash: $ 8.35

Posts: 37
Joined: 03 Apr 2008
Location: CA
Tax Implications From FHA Refi  Reply with quote  

I refinanced my home using an FHA Streamline Refinance in December. I didn't pay any points. However, there was a lender credit that applied towards the closing costs of the broker and the rebuilding of my new impound account.

Does any of this have any tax implications for me? Am I responsible for paying taxes on the lender credit? Will I receive a 1099??

Can I write off the upfront mortgage insurance added to the loan amount? I'm assuming no, since I'll be paying on it for 30 years. Or can I write if off for the first year???
Post Tue Jan 22, 2013 4:48 pm
 View user's profile Send private message
felisterjack
Member


Cash: $ 2.00

Posts: 10
Joined: 23 Jan 2013
 Reply with quote  

Search Implications Of Tax Implications Of Tax in One Site
Post Wed Jan 23, 2013 6:34 am
 View user's profile Send private message Visit poster's website
mopowers
Contributing Member


Cash: $ 8.35

Posts: 37
Joined: 03 Apr 2008
Location: CA
 Reply with quote  

Not sure I quite understand that what you mean???
Post Wed Jan 23, 2013 2:39 pm
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2018