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Updated over 6 years ago,
Deducting Points paid on loan origination
I bought a small building in 2017. I bought my mortgage interest down by 0.75%. It costs me $25,000 (Points paid). I have no income in 2017. Can I defer when I write deduct the points paid? Or am i forced to amortize it over the life of the loan? 25000/30 = $833. I’d like to defer to 2018 or 2019.
Thanks!!