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January 26, 2024
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Can you write off points on a bridge loan. I understand the interest is deductible. The loan was outstanding for only two months

  • January 26, 2024
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    Best answer by BillM223

    Perhaps. Look at "Topic no. 504, Home mortgage points" and answer the 8 points you see here.

     

    I am thinking the biggest issue may be whether or not "Your principal residence secures your mortgage".

    1 reply

    BillM223Answer
    January 27, 2024

    Perhaps. Look at "Topic no. 504, Home mortgage points" and answer the 8 points you see here.

     

    I am thinking the biggest issue may be whether or not "Your principal residence secures your mortgage".

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