here's IRS's guide line for mortgage point deduction: You can deduct the points in full in the year they are paid, if all the following requirements are met: Your loan is secured by your main home (your main home is the one you live in most of the time). Paying points is an established business practice in your area. The points paid were not more than the amount generally charged in that area. You use the cash method of accounting. This means you report income in the year you receive it and deduct expenses in the year you pay them. The points were not paid for items that usually are separately stated on the settlement sheet such as appraisal fees, inspection fees, title fees, attorney fees, or property taxes. The funds you provided at or before closing, plus any points the seller paid , were at least as much as the points charged. You cannot have borrowed the funds from your lender or mortgage broker in order to pay the points. You use your loan to buy or build your main home. The points were computed as a percentage of the principal amount of the mortgage, and The amount is clearly shown as points on your settlement statement.
【在 n*******9 的大作中提到】 : here's IRS's guide line for mortgage point deduction: : You can deduct the points in full in the year they are paid, if all the : following requirements are met: : Your loan is secured by your main home (your main home is the one you live : in most of the time). : Paying points is an established business practice in your area. : The points paid were not more than the amount generally charged in that area. : You use the cash method of accounting. This means you report income in the : year you receive it and deduct expenses in the year you pay them. : The points were not paid for items that usually are separately stated on the