Real estate tip: Uncle Sam lax on loan points

Which closing costs are tax-deductible?
Published on Jan 21, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Three closing costs are tax-deductible in the year of the sale: loan points (one point equals 1 percent of your loan amount), prorated mortgage interest and prorated property taxes. After that, your mortgage interest and annual property taxes are the ...