Multiple Choice
Claudia refinances her home mortgage on June 1 of the current year.She obtains a 30-year mortgage at 5%.As part of the refinancing,she pays points of $3,600 (a customary practice in her location) .What amount,if any,of the points are deductible?
A) $0
B) $70
C) $120
D) $3,600
Correct Answer:
Verified
Correct Answer:
Verified
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