are points deductible?

Are points deductible?

If you are a Ocean Springs, Mississippi buyer, and you or the seller pays points, they are deductible for the year in which they are paid only. You also can deduct any points you pay when you refinance your Ocean Springs, Mississippi area home, but you must do so ratably over the life of the loan. Consult your tax or financial advisor.

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Last Updated ( Thursday, 04 September 2008 )