Q&A: tax question – refinanced my mortgage with a different lender. i paid a point on original refinance?

Question by Mark: tax question – refinanced my mortgage with a different lender. i paid a point on original refinance?
about 2700 dollars. when i refinanced again with a different lender i didnt pay any points.
can i write off the balance of unamortized points on my tax return from my original refi? if so, would this be spread out over a period of time or as one lump sum? thanks in advance for any help.

Best answer:

Answer by Zarg222
you should have been able to dedcut ALL the points in the year you originally paid them,

Add your own answer in the comments!

This entry was posted in Q&A and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *