While Points Paid to Purchase a Residence Are Deductible as Interest

question 24

True/False

While points paid to purchase a residence are deductible as interest in the period paid,points associated with the refinancing of a residence must be amortized and deducted over the life of the loan.

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Definitions:

Religious Beliefs

The specific convictions or doctrines that individuals or groups hold concerning the divine or transcendent.

Moral Proof

Arguments or evidence regarding what is right and wrong, often used in philosophical and ethical discussions to substantiate moral judgments or principles.

Religious Belief

A conviction or faith regarding the existence, nature, and worship of a deity or deities, and the divine involvement in the universe and human life.

Ontological Argument

A philosophical argument for the existence of God based on the premise that the very concept of God implies his existence.