answersLogoWhite

0

The answer depends on who paid the foreclosure expenses (bank, owner, trustee, beneficiary) and what the fee is. Need more information.

It is always best to check with an accountant or certified public accountant (CPA) on tax deductibility of foreclosure fees.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Are private school fees tax deductible in Australia?

In Australia, Private school fees are not tax deductible.


Are concierge fees tax deductible?

Concierge fees are generally not tax deductible as they are considered personal expenses.


Are credit card late fees tax deductible?

No, credit card late fees are not tax deductible.


Is tax on continuing a second mortgage deductible after filing for a first foreclosure?

Even if you have had a foreclosure, tax on a second mortgage or home equity loan is still deductible.


Are Association Fees Tax Deductible?

Homeowner association fees are NOT deductible on the individual taxpayers 1040 income tax return.


Are concierge doctor fees tax deductible?

Concierge doctor fees are generally not tax deductible as they are considered personal expenses.


Are vehicle registration fees Michigan State tax deductible?

Yes, vehicle registration fees are tax deductible as they are considered a tax on personal property. However if the car was made before 1984, the registration fees may not be deductible.


Are tax preparer fees deductible?

Yes


Are drivers training fees tax deductible?

No


Are ADR fees tax deductible?

Yes, fees paid for Alternative Dispute Resolution (ADR) services are generally tax deductible as a business expense.


Are tax preparation fees deductible on Schedule A?

Yes, tax preparation fees are deductible on Schedule A as a miscellaneous itemized deduction subject to certain limitations.


Are business credit card annual fees tax deductible?

Yes, business credit card annual fees are generally tax deductible as a business expense.