Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 exptools 1/6/84; site ihuxm.UUCP Path: utzoo!watmath!clyde!floyd!harpo!ihnp4!ihuxm!cmsj From: cmsj@ihuxm.UUCP (Chris Jachcinski) Newsgroups: net.taxes Subject: Re: House purchase deductions Message-ID: <846@ihuxm.UUCP> Date: Tue, 31-Jan-84 09:28:18 EST Article-I.D.: ihuxm.846 Posted: Tue Jan 31 09:28:18 1984 Date-Received: Mon, 6-Feb-84 16:35:18 EST References: <331@bunker.UUCP>, <699@elsie.UUCP> Organization: AT&T Bell Labs, Naperville, IL Lines: 17 While on this subject, can anyone give me a definitive answer to this question regarding mortgages? In 1983 I refinanced my condo; of course there were the "usual" points and I assume these are deductible as interest (they do meet all the IRS criteria specified in publication 17). I also paid a "buydown" fee which lowered the interest rate of the mortgage. Is this fee considered the same as "points" and fully deductible as interest in 1983? or do I have to spread out the sum over the life of the mortgage? or some other rule? Thanks, Chris Jachcinski AT&T Bell Labs, Naperville, Il *!ihnp4!ihuxm!cmsj