- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
According to this link from IRS.gov., you can only deduct the full amount of the points in the year that you pay them but points can be paid ratably over the life of the loan. You may be able to be able to claim the amortized amount of the loan this year since you are itemizing.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 17, 2021
2:35 PM