Comments on: Refinanced Mortgage and paid down some prior loan – what’s deductible?

By: Len J

Len J — Sun, 12 Jul 2009 07:16:25 +0000

Bottom Line— Interest payments and POINTS paid are deductable.

By: travelguruette

travelguruette — Fri, 10 Jul 2009 00:01:32 +0000

If you are paying down the mortgage it is not deductible. The mortgage interest would be. Most closing costs add to the basis of your home. I do not trust what realtors say.

By: Michael T

Michael T — Tue, 07 Jul 2009 09:54:07 +0000

Danny

You are right, she is an idiot.