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Can the VA funding fee of a VA loan bee used as a tax write off?

2007-07-18 05:27:13 · 1 answers · asked by Todd H 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

No. However it is used to adjust your cost basis upwards. If the sale of the property is subsequently taxable then this would reduce the gain and therefore the tax.

2007-07-18 05:31:21 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

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