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Old 09-23-2010, 08:22 AM
yam yam started this thread
 
228 posts, read 846,508 times
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If I refinance with negative points (ie money rebated towards closing costs), does this rebated amount count as income for federal tax purposes? Does it offset against mortgage interest paid for the year?
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Old 09-23-2010, 10:39 AM
 
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No. But I'm not a tax attorney. But this is a quite regular occurence.
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