bandb
Level 3
03-04-2024
03:09 PM
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Taxpayer refinanced mortgage and paid points, and are being amortized over life of new loan. If the loan is bought by a different lender, can the unamortized balance be deducted or must the points continue to be amortized according to the original schedule?
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Level 15
03-04-2024
03:30 PM
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I "think" since its the same loan, they continue to carry.
You'd only write them off completely when they refi into a new loan or pay it off.
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