▲ 11 r/personalfinance
Tax Deductible Mortgage Points to Offset Capital Gains
I sold $250k worth of stock to pay for a mortgage down payment and will pay long term capital gains on that which will probably be at least $35k at 15%. Does it make sense to purchase a point on the mortgage (e.g. $10,000k) because points are tax deductible? Seems like paying more mortgage interest up front (ie buying a point) makes sense this year because it will help offset that capital gain I am getting hit with.
u/Icy-Alps-6886 — 7 days ago