If you are deducting the mortgage points you paid in a previous year, over the life of your loan, you can deduct the remaining balance of those points this year if you sell or refinance your home.  If you refinance with the same mortgage company, however, you must deduct the remaining balance over the term of your new loan.

This entry was posted on Tuesday, February 2nd, 2010 at 12:20 pm and is filed under Deductions, Home. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.