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Can you write off points on a bridge loan. I understand the interest is deductible. The loan was outstanding for only two months

 
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BillM223
Expert Alumni

Can you write off points on a bridge loan. I understand the interest is deductible. The loan was outstanding for only two months

Perhaps. Look at "Topic no. 504, Home mortgage points" and answer the 8 points you see here.

 

I am thinking the biggest issue may be whether or not "Your principal residence secures your mortgage".

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1 Reply
BillM223
Expert Alumni

Can you write off points on a bridge loan. I understand the interest is deductible. The loan was outstanding for only two months

Perhaps. Look at "Topic no. 504, Home mortgage points" and answer the 8 points you see here.

 

I am thinking the biggest issue may be whether or not "Your principal residence secures your mortgage".

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

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