Hi all,I purchased a home last October. I used a discount mortgage broker who got me a loan for "no points", all I paid him was a flat fee and the cost for the appraisal and credit report. On my 1098 statement, however, there shows the ~$1000 in interest payments for 2003, and ~$1800 in points paid. My question is, can I deduct the $1,800 as points paid to obtain my home, and if so can I do it all this year or do I have to divide it by the length of the loan (15 years)?If I can deduct the points, it makes sense for me to itemize. Otherwise I'm better off taking the standard deduction.I know that I should also consult a tax advisor, but I wanted to check here too to see if anybody has some thoughts.Thanks, merchasd
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