Steve purchased a personal residence from Adam. To sell the residence. Adam agreed to pay $3,200 in points related to Steve's mortgage: What could be the tax consequences from the perspective of both Steve and Adam. Tax consequences for Steve Mortgage points are not deductible from carrying basis of the house. O Mortgage points are deductible as an itemized deduction. Mortgage points are deductible from carrying basis of the house. Tax consequences for Adam O Mortgage points are deductible as itemized deductions Mortgage points are not deductible at all Mortgage points are deductible as other deductions