Yes. Except you can't deduct any interest until the loan is paid off. You can deduct any real estate taxes on your
Settlement Statement that are not
already included on your Form 1098. Only
pro-rated amounts can be deducted, not prepaid amounts held for escrow.
Also, you can deduct qualified
points paid on a mortgage, but they have to be spread out over the term of the loan. The software will prompt you to select
that. (Points can also be called loan origination fees, maximum
loan charges, discount points, or loan discount.)
What kinds of refinancing costs can I deduct?
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