Mortage Points paid on a refi

Do I have to amortize the points I paid refi'ng my primary mortgage. I paid the points in cash at the closing. However, it was not a refi with cash out let's say to do home improvements. Can I still deduct all the points paid on this return instead of amortizing them over the life of the loan?

posted

The general rule for refinances, is that they are amortized over the life of the loan unless loan proceeds were used for the improvement of your home.

Can I deduct mortgage points?

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