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Q & A for Sellers - Tax Considerations

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Q & A for Sellers - Tax Considerations
Are taxes on second homes deductible?
Can I deduct the loss I suffered when I sold my home?
What are the rules on capital gains when inheriting a house?
What home-buying costs are deductible?
Where do I get information on IRS publications?
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Are seller-paid points deductible?

As of Jan. 1, 1991, homeowners have been able to deduct points paid by the seller. This deduction previously was reserved only for points actually paid by the buyer.


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