Agent

Real estate tip: Uncle Sam lax on loan points

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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....