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Old 03-19-2008, 11:39 AM
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Default Are foreclosure legal fees tax deductable if
you were able to reinstate the mortgage?
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Old 03-19-2008, 12:05 PM
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They are deductible only if it was business property. If it is your residence, then the fees are not deductible.
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Old 03-19-2008, 02:15 PM
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Default Foreclosure on investment properties
that is correct Frank the only tax advantage to personal homes is the interest paid. Investment properties can have many write offs including any fees paid during the year.
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