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Business & farm
Thanks for your answer.
So it seems like you are saying that the points get amortized over the life of the loan vs adding to the basis of the property. That makes sense although when you go into TT to add that item it only references refinance points.
So if we purchased a rental in 2020 and paid points on that purchase and then refinanced it in the same year should I see a full deduction of the original points since that loan was refinanced?
‎June 15, 2021
9:39 AM