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Deductions & credits
I had a mortgage and a HELOC in 2020 and reported interest paid from a 1098 form.
I also refinanced both loans into a new mortgage on 12/24/20. The refinance included $14,103.04 in closing costs including Origination Charges of $8632.80 in points and a $500 loan application fee. Can I deduct these expenses on my 2020 tax return?
‎January 26, 2021
3:12 PM