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Subject:  Deducting Points Date:  3/6/2000  2:00 PM
Author:  tabbone Number:  31028 of 127753

I have an 80/20 first and second for a home I recently purchased. The first has 1 point and the second has 1 and 1/2 point. How do I figure my deductions. I know a point is 1% of the loan so do I just calculate 1% of the first and 1.5% of the second and use those dollar amounts when itemizing?

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