Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 (Denver Mods 7/26/84) 6/24/83; site drutx.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!drutx!khw From: khw@drutx.UUCP (WilliamsonK) Newsgroups: net.taxes Subject: Under what conditions will the IRS allow house closing points as an interest deduction? Message-ID: <2172@drutx.UUCP> Date: Wed, 6-Mar-85 14:38:26 EST Article-I.D.: drutx.2172 Posted: Wed Mar 6 14:38:26 1985 Date-Received: Thu, 7-Mar-85 05:49:41 EST Organization: AT&T Information Systems Laboratories, Denver Lines: 14 Can anyone tell me (by mail) what conditions must be met for the IRS to allow as an interest deduction the points charged by a bank at closing for the purchase of a house. I have heard that in the past when auditing a return that they have disallowed this deduction, unless certain technicalities were taken care of. I want to know what all these technicalities are. Thanks in advance, Karl Williamson ATT ISL Denver ihnp4!drutx!druxo!khw 303-538-4583