I’ve read a handful of articles in the last few years around the idea that buying a condo/co-op isn’t a sound investment mostly based on a few rationales that it’s not a true investment; that it’s not liquid and doesn’t pay you money every month.
Can I deduct mortgage points as a tax deduction? Are points deductible on your taxes? If you paid points to reduce your mortgage rate, then in certain cases, you can write off those points in the year you purchased your house.
What I Found Out Today: I went in to do my taxes early this season and in the process of determining what other deductions we may have, we realized that we could claim my grandmother as a dependent.
