Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site charm.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxn!charm!grl
From: grl@charm.UUCP (George Lake)
Newsgroups: net.taxes
Subject: Re: taxes & home purchase
Message-ID: <726@charm.UUCP>
Date: Wed, 21-Aug-85 12:06:51 EDT
Article-I.D.: charm.726
Posted: Wed Aug 21 12:06:51 1985
Date-Received: Sat, 24-Aug-85 13:17:27 EDT
References: <10951@rochester.UUCP>, <455@olivee.UUCP>
Organization: Physics Research @ AT&T Bell Labs Murray Hill NJ
Lines: 9

Someone has recently stated that you should pay any and
all points with a seperate check to deduct it as a home
buying expense.

WRONG--these type expenses only diminish capital gains or
count under limited conditions as a moving expense.

Points are pre-paid interest.  They count as an interest
deduction however you pay them!!!!!!