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synic213 · 03-22-2004, 10:48 AM

Thanks for the reply.

So in regards to a house refinance, if I paid 2 points for the loan, and no straight fees, I should be able to write off the 2 points? And I can just include the monetary value associated with these points on the same form (schedule A?) that I claim my mortgage interest on? Also unclear as to whether this is a one time deal, this year only, where I claim the entire 2 points, or if I write off a portion of the "point fees" every year for the life of the loan. Any clarification would be appreciated.

Thanks again.

03-22-2004, 10:48 AM	#42 (permalink)
synic213 Crazy Location: Sunny San Diego	Thanks for the reply. So in regards to a house refinance, if I paid 2 points for the loan, and no straight fees, I should be able to write off the 2 points? And I can just include the monetary value associated with these points on the same form (schedule A?) that I claim my mortgage interest on? Also unclear as to whether this is a one time deal, this year only, where I claim the entire 2 points, or if I write off a portion of the "point fees" every year for the life of the loan. Any clarification would be appreciated. Thanks again.