Tax Time 2003 - 2004-02-16
Q: I bought a house last year. It is my principal home. I hired a mortgage broker to look for a mortgage for me, and she charged 2%, or $6,900. Can I use that as a tax write-off on my income tax return?
A: Yes, assuming the 2% or $6,900 represents loan points. However, the points should not be paid in place of amounts ordinarily stated separately on the settlement sheet.
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