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Returning Member
posted Jun 7, 2019 3:08:56 PM

I closed on my very first house November 23rd of 2015 . I did not claim the mortgage points on 2015 taxes can I do that for 2016 tax purposes?

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1 Best answer
Alumni
Jun 7, 2019 3:08:57 PM

Sorry, but points are only deductible in the year paid.  You would have to amend your 2015 return.

3 Replies
Alumni
Jun 7, 2019 3:08:57 PM

Sorry, but points are only deductible in the year paid.  You would have to amend your 2015 return.

Returning Member
Jun 7, 2019 3:08:59 PM

Even if I didn't make a payment until jan1st?

Alumni
Jun 7, 2019 3:09:00 PM

Points are deductible when paid.  If paid at closing, either from your purchase money deposit or signing the mortgage, it was paid in the year of closing.