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?

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The Answer of 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?

Claudia Refinances Her Home Mortgage on June 1 of the Current