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!!!!!!