Real estate tip: Uncle Sam lax on loan points

Which closing costs are tax-deductible?

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 only deductible costs. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....