Can I deduct points for refinancing my principal residence?

August 24, 2001

From:  Reza
Date:  Thu 26 Jul 2001


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


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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