ljwalters Posted April 13, 2012 Report 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
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