If the gain is less than $500K MFJ. On sale of home and I have been deducting points can I close out the balance of the points in a lump sum deduction?

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Yes, if selling your property, you can deduct the amount of unamortized points on that mortgage in full in the year of the loan pay-off.

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Yes, if selling your property, you can deduct the amount of unamortized points on that mortgage in full in the year of the loan pay-off.

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