bandb
Level 3

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?

0 Cheers
Just-Lisa-Now-
Level 15
Level 15

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.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Skylane
Level 12
Level 12

Continue to amortize according to the original schedule

If at first you don’t succeed…..find a workaround