Are points deductible?
If you are a Indianapolis Metrpolitan, Lawrence Township, and Suburban Areas buyer, and you or the seller pays points, they are deductible for the year in which they are paid only. You also can deduct any points you pay when you refinance your Indianapolis Metrpolitan, Lawrence Township, and Suburban Areas area home, but you must do so ratably over the life of the loan. Consult your tax or financial advisor.
Questions about Indianapolis Metrpolitan, Lawrence Township, and Suburban Areas Real Estate?
Ask us below or Call us Now at 317-848-2022
|
|
Last Updated ( Thursday, 04 September 2008 )
|