From:  Reza
Date:  Thu 26 Jul 2001

Mike,

If points are for "refinance" of the principal resident, are points deductible or should they be amortized over the life of the mortgage?

Regards, Reza

Answer

Date:  17 Aug 2001

Hello Reza,

Points relating to refinancing the mortgage for a principal residence are amortized over the life of the mortgage and aren't currently deductible.

Good luck!
Mike Gray

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