Question: When a mortgage is obtained and points are paid, how much/when can they be deducted? only the prepaid interest can be deducted and must be

When a mortgage is obtained and points are paid, how much/when can they be deducted? only the prepaid interest can be deducted and must be spread over the life of the loan all points are deductible in the year paid amounts constituting prepaid interest are deductible in the year paid all points are deductible but any considered prepaid interest must be spread over the life of the loan

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