Deductibility of Loan Closing Costs

The costs of obtaining a loan are a deductible expense. This overview summarizes what is deductible and when.

Primary Residence

Second home or Vacation home

Rental Property

Seller paid points for the Buyer

Notes

Important disclaimer: This is general information, not tax advice. Federal and state tax laws change frequently. We are not tax or legal advisors. Please consult a qualified tax or legal professional before acting on anything described here.

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