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Mortgage Points - Amortize or Take Full Deduction

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Mare52

Junior Member
What is the name of your state?What is the name of your state? California

We refinanced in 2004 and chose to throw the 'points' ($1350.) back into the loan. On my tax return, do I need to choose to "amortize" this dollar figure or can I take the FULL amount this year as a one time deduction?

Thank you!
:)
 



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