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Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: points and deductions
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E
Apr 1, 2008 - 7:13PM
Re: points and deductions

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

a
Andrew Schwartz CPA
Apr 2, 2008 - 8:17PM
Re: Re: points and deductions

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.

Zip Code: 01801

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