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What line on your tax return do you claim the deduction for points paid on a new mortgage?
ANSWER
Expert Thomas Graham iii's Answer:
The deduction for points paid on a new mortgage can be claimed in the "Interest You Paid" section of Schedule A. Particullary on line 10, Home Mortgage interest and points reported to you on Form 1098. You will need to itemize to be able to claim this deduction.
