Can I deduct points for refinancing my principal residence?

August 24, 2001

From:  Reza
Date:  Thu 26 Jul 2001


If points are for "refinance" of the principal resident, are points deductible or should they be amortized over the life of the mortgage?

Regards, Reza


Date:  17 Aug 2001

Hello Reza,

Points relating to refinancing the mortgage for a principal residence are amortized over the life of the mortgage and aren't currently deductible.

Good luck!
Mike Gray

We have more answers to frequently asked real estate tax questions! We also offer up-to-date information about new tax real estate tax developments in Michael Gray, CPA's Real Estate Tax Letter.

Michael Gray, CPA
2482 Wooding Ct.
San Jose, CA 95128
(408) 918-3162
FAX: (408) 938-0610
Hours: 8am - 5pm PDT Monday - Friday

Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Connect on Google+
Our Blog
© 2018

Subscribe to
Michael Gray, CPA's
Real Estate Tax Letter!

We respect your email privacy

We respect your email privacy!