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| Author: | Knight, L. Knight, R. |
| Title: | Deductibility of mortgage points and interest |
| Journal: | Journal of Accountancy
1995 : FEB, p. 75-81 |
| Index terms: | ACCOUNTING FINANCE MORTGAGES |
| Language: | eng |
| Abstract: | Points aren't always immediately deductible, but most interest can be deducted if certain conditions are met. While rising interest rates have slowed the demand for mortgage financing, clients who purchased homes or refinanced existing mortgages while interest rates were at their lowest levels in 25 years now must confront the tax consequences of their actions. Some clients still seek mortgages to buy or refinance homes, while others want to replace variable with fixed rate loans or tap accumulated home equity. |
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