Multiple Choice
Which of the following statements regarding the tax deductibility of points related to a home mortgage is correct?
A) Points paid in the form of a loan origination fee on an original home loan are deductible over the life of the loan.
B) Points paid in the form of prepaid interest on an original home loan are deductible over the life of the loan.
C) Points paid in the form of prepaid interest on a refinance are deductible over the life of the loan.
D) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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