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Purchase of a house
My son and his fiancée purchased a house in November 2024 but the first payment wasn’t until January 2025. They did use points to buy down the interest rate. Would any of the interest, property taxes or points be a deduction in 2024 or would it be on their 2025 return even though the money went out the door in 2024? They will be getting married in 2025. If for some reason the wedding was pushed off until 2026 would that make a difference? Thank you!
February 22, 2025
7:03 AM