Publication 936, Home Loan Interest Deduction. Introductory Material

Publication 936, Home Loan Interest Deduction. Introductory Material

Funds supplied are lower than points.

In the event that you meet most of the tests in Deduction granted in Year premium , earlier, except that the funds you supplied had been lower than the points charged to you (test (6)), you can easily subtract the points into the year paid, as much as the total amount of funds you supplied. In addition, you are able to subtract any points paid by the vendor.

Example 1.

Once you took down a $100,000 real estate loan to purchase your house in December, you had been charged one point ($1,000). (más…)

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