Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Zeuspaul who wrote (183)	11/5/1997 12:14:00 AM
From: Zeuspaul	Read Replies (2) of 5810

Question on home refinance points. Do I in all cases have to deduct refinance points over the length of the loan?(this is what I believe) Or , the mortgage broker indicated to me that if I pay the loan points with cash and do not roll them into the loan I can deduct them all up front? He wasn't sure but indicated that he had heard from several sources that this was the case. Also, If the total loan balance of the refinanced loan with points and closing costs exceeds the original loan amount are there any tax consequences?

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