are points deductible? PDF Print E-mail

Are points deductible?

If you are a Isle of Palms buyer, and you or the seller pays points, they are deductible for the year in which they are paid only. You also can deduct any points you pay when you refinance your Isle of Palms area home, but you must do so ratably over the life of the loan. Consult your tax or financial advisor.

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Last Updated ( Thursday, 04 September 2008 )
 
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