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From: gnome@olivee.UUCP (Gary Traveis)
Newsgroups: net.taxes
Subject: Re: taxes & home purchase
Message-ID: <455@olivee.UUCP>
Date: Wed, 14-Aug-85 13:32:01 EDT
Article-I.D.: olivee.455
Posted: Wed Aug 14 13:32:01 1985
Date-Received: Sat, 17-Aug-85 16:15:04 EDT
References: <10951@rochester.UUCP>
Organization: Olivetti ATC; Cupertino, Ca
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> From: Hans Koomen 
> 
> Can anyone give me any info or pointers to reading material on the
> fiscal implications of (first time) home purchase?  Not just mortgage
> interest deduction, but things like (which part of) closing costs,
> property taxes held in escrow, etc.
> 
> Thanks a Meg.  Please reply to me. If quantity warrants, I'll summarize.
> 
> -- Hans	  or <{seismo,...}!rochester!koomen.UUCP>

 One thing I can recommend is to pay any/all points with a separate check
(not as part of the downpayment).  That way, you can take it off your
taxes as a home-buying expense.