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We refinanced in 2020 and closing document has a line '% of Loan Amount (Points)' and has some dollar amount associated with it. Is this amount tax deductible since there is no indication of it on form 1098.
Thanks
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It looks like those are points, which are loan fees that are based on the value of a mortgage loan. They are often not reported on the form 1098-T, but they are deductible.
Thank you
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