Points Paid to Refinance a Mortgage on a Principal Residence

question 2

True/False

Points paid to refinance a mortgage on a principal residence are fully deductible in the year paid.

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Definitions:

Racial Identities

The sense of self and belonging that individuals associate with a particular racial group.

African American

Refers to citizens or residents of the United States who have total or partial ancestry from any of the native populations of Sub-Saharan Africa.

Ethnic Group

An ethnic group is a category of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Composition

The act or process of combining parts or elements to form a whole, such as in writing, music, or the visual arts.