ljwalters Posted April 13, 2012 Report Share Posted April 13, 2012 This was a short sale. 2 loans discharged first and second. Took two loans to purchase house. All acqusition debt. Do I combine both discharges and put total on 982. And finally, They did have a refi in order to lower interest rate. Did not take any money out. Is the closing expense for the refi concidered acquisition debt also or do I have to pull that amount out and put it on 1040 line 21 (not the points the other costs)? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.