if i paid points to the mortgage company in 2007 to lock in a mortgage rate but the closing o property (primary residence) was in 2008, can i deduct the points in 2007 or do I have to wait until 2008. ie no form 1098 - the

ie mortgage commitment fee of x points which changes the apy on the morgtage paperwork calculations.

I would say that the points are deductible in the year that you take out the loan. If you put a deposit towards a loan in 2007 which will count as points when you close the loan, but don't close on the loan until 2008, then it would be a 2008 deduction.

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