PattiF
Expert Alumni

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You should deduct all of the points that you were amortizing for the refinanced loan from 2020 for the tax year of 2021. 

 

The points from the first refinance are fully deductible in the year that the loan was paid.  IRS Home Mortgage Points, Topic 504, says "You may be able to deduct (in the year paid) points on a loan ... if you refinance your home mortgage.

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