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From: David U
Hi
Quick question: If for example, I have a fixed 5 year i/o loan and I refinance the loan after say 2 years, are the break out costs that the financial institution charges tax-deductible or are they of a capital nature?
Can anybody enlighten me?
Thanks for your help in advance
David U
Hi
Quick question: If for example, I have a fixed 5 year i/o loan and I refinance the loan after say 2 years, are the break out costs that the financial institution charges tax-deductible or are they of a capital nature?
Can anybody enlighten me?
Thanks for your help in advance
David U
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