I bought a mortgage loan point in 2008 but didn’t deduct it in income tax, can I still deduct it.?
Hi, I closed on my mortgage loan dec of 2008. When I did my taxes in 09, my tax preparer didn’t deduct it. Can I still deduct it this year? If so, how would I go about deducting it? Do I deduct the whole 1700 dollars? I hear that sometimes people deduct it evenly through the course of the 30 years. Please help, Thank You, I am in California and the point I bought brought my interest rate down to 5.5.