A buyer may use as a deduction on his federal income tax return, prepaid interest and possibly points.

Name: A buyer may use as a deduction on his federal income tax return, prepaid interest and possibly points.
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Prepaid interest and points, often paid at closing when purchasing a home, can be deductible on a federal income tax return if certain conditions are met, such as the loan being secured by the taxpayer's main home.

A Buyer May Use as a Deduction on His Federal