MarkP1
Returning Member

Mortgage Prepayment Penalty - Principal Residence

Hello Community

 

In 2021, I sold an Investment Property. 

 

The Proceeds from that sale, I used to pay off the Mortgage on my principal residence (the house I'm living in)

 

There was a Prepayment penalty which I had to pay to close the mortgage on the principal residence. 

 

Can the penalty be used as a tax credit somehow and, if so, where do I enter it?