In which of the following situations are points paid on a home mortgage loan not deductible in the year of payment?
A)purchase
B)refinance
C)construction
D)improvement

Question

Quizplus · Accepted Answer

Points paid on a home mortgage loan are not deductible in the year of payment for a refinance. For purchases, constructions, and improvements, points are generally deductible in the year paid.

In Which of the Following Situations Are Points Paid on a Home