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Home loans
You can deduct all the points that were being amortized from the original mortgage in 2021 after you refinanced.
The points from the first refinance are fully deductible in the year that the loan was paid. IRS Home Mortgage Points, Topic 504, says "You may be able to deduct (in the year paid) points on a loan ... if you refinance your home mortgage"
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March 19, 2022
10:37 AM