Can I deduct points paid on a home loan that were paid for by the seller? He paid points, but did not change the sale price of the home

For example, the house cost $750K, and the seller paid $25K in points. Can I deduct those points on my taxes?

posted

Connect with an expert

1 Reply

Can I deduct points paid on a home loan that were paid for by the seller? He paid points, but did not change the sale price of the home

No.

You cannot deduct points that you did not pay.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post