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No. A down payment, or earnest money that goes towards paying for the house. Points are prepaid interest, paid to the mortgage company in order to reduce your interest rate. A down payment is not deductible. Points may be deductible as mortgage interest if they qualify. For more information, see:
Topic No. 504 Home Mortgage Points
Hello. I am ask about my refund. I was unable to finish our taxwa and needed a extension on our taxes. I put in for it and need information back.
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