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Financial Planning / Tax Strategies


Subject:  Re: deducting refinancing interest Date:  4/17/2003  5:42 PM
Author:  pmarti Number:  65086 of 129584

I know that prepaid points when refinancing are deducted over the life of the loan. My question is, what if you refinance again in a few years? How do you keep track of your deduction from a prior loan?

If you refinance you deduct the remaining unamortized points from the old loan in the year that you refinance. See Publication 936.

Phil Marti
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