2007-12-16 07:35:45 · 3 answers · asked by chabelita 1 in Business & Finance ➔ Taxes ➔ United States
Property tax and Mortgage interest
2007-12-16 11:56:05 · answer #1 · answered by Tom Z 7 · 0⤊ 0⤋
Property tax and mortgage interest. If you bought the house in 2007 you may have paid points which are also deductible--also, even if the seller paid the points you can deduct them since it is assumed that the 'points' were added to the sales price.
Points paid on refinancing, however, must be amortized over the number of months over which the refinancing loan is to be paid.
You can also deduct mortgage insurance for the first time this year.--under new law.
2007-12-16 12:24:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Sounds like a homework question. Read your book!
2007-12-16 07:57:13 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋