Which of the Following Statements Regarding the Tax Deductibility of Points

question 109

Multiple Choice

Which of the following statements regarding the tax deductibility of points related to a home mortgage is correct?

• A) Points paid in the form of a loan origination fee on an original home loan are deductible over the life of the loan.
• B) Points paid in the form of prepaid interest on an original home loan are deductible over the life of the loan.
• C) Points paid in the form of prepaid interest on a refinance are deductible over the life of the loan.
• D) None of these statements is correct.