Deductions & credits
Since the points were incurred on your second home, they cannot be fully deducted in the year paid.
You will need to amortize the points and origination fees over the life of your loan per IRS Publication 936.
Since the points were incurred on your second home, they cannot be fully deducted in the year paid.
You will need to amortize the points and origination fees over the life of your loan per IRS Publication 936.
