Rules of the internal revenue service concerning the deductibility of points on a mortgage DO NOT include,
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Question:
Rules of the internal revenue service concerning the deductibility of points on a mortgage DO NOT include,
A for a buyer to deduct points the seller paid to reduce his cost basis
B Points paid to refinance the property to be fully deductible in the year paid
C points paid by the seller to be considered a selling expense
D points to be deductible as interest to be paid directly to a lender
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: