I refinance my house in 2013, I understand I can write off entire points/orig. fee balance from original loan (2004) that was being ammor. over 15 years?
The second question is, I refinaced in early Dec/2013, so my first payment was not until Feb/2014.......so the points/orig. fee paid on the new refinance loan, the ammor. schedule deduction would start in 2013 tax return or not until 2014 tax return since that was my first mortage payment?
Tax Professional Answers
Meet Leading Tax Advisors
Federal Tax Credits & Incentives Practice Leader
New York, NY
CEO/Certified Financial Advisor
Rancho Santa Fe, CA
San Jose, CA
Long Beach/ Park City, CA