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Posts Tagged ‘refinance points tax deductible’

Are points paid on my refinance tax deductible?

Wednesday, January 23rd, 2008

Loan discount points that you paid on a refinance are generally not deductible in the year you pay them.  However, if part or all of the funds are used to improve your main home, the portion attributable to that use is deductible provided that all the other requirements for deducting points is met.  Points on a second home must be deducted rateably over the life of the loan. 
© 2007, Real Estate Information Services, Capitol Assets, Choice Real Estate, Inc. & Choice Real Estate of VA, Inc., & Choice Finance®

Mitch Jacobs   Mitch Jacobs, Choice Finance®

Tags: refinance points tax deductible
Posted in 2) General | 1 Comment »

 


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