The funds you supplied aren’t required to have been utilized to the points. They can include a down cost, an escrow deposit, earnest money, and other funds you paid at or earlier than closing for any purpose. The factors weren’t paid in place of amounts which are ordinarily stated individually on the settlement assertion, such as appraisal fees, inspection fees, title fees, lawyer fees, and property taxes. You must cut back your mortgage interest deduction by your share of any cash portion of a patronage dividend that the cooperative receives. The patronage dividend is a partial refund to the cooperative …