10 Often Overlooked Deductions
By: Frugal World Real Estate Views: 2066 | Comments: 0 | Votes: 0
1. Home acquisition mortgage loan fees: If you bought your primary or secondary home in 2003, you probably obtained a mortgage to finance the purchase. That mortgage is called an “acquisition mortgage” because it enabled a purchase of the residence. Each point paid equals 1 percent of the amount borrowed.2. 8. 10. Deduct prepaid property taxes and mortgage interest. More