Discussion:Points Paid on Refinance
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Discussion Forum Index --> Tax Questions --> Points Paid on Refinance
| 1 March 2007 | |
| A taxpayer refinanced in 2006 and paid some points...however, they took money away from the table at closing and paid nothing out of pocket. Are those points still written off over the life of the new loan or are those points disallowed since they took money away from closing?? Thank you. | |
| March 1, 2007 | |
| Yes, written off over the life of the loan. No, they are not disallowed when taking money away from closing. | |
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