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Can I deduct points on my old mortgage when I refinance?

If you refinance your mortgage with the same lender, any points remaining from the first mortgage that have not been deducted will be deducted over the term of the new loan. If you refinance your mortgage with a different lender, any points remaining from the first mortgage that have not been deducted can be fully deducted in the year of the refinance. TurboTax will help you determine the appropriate deduction.

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