To cook a prime rib roast, rub the roast with a mixture of spices and herbs, then roast in the oven until the meat reaches an internal temperature of at least 135 degrees Fahrenheit. This results in a medium rare roast that is red in the center.
Is Interest on Credit Cards Tax Deductible? The IRS allows you to deduct certain expenses from your total income to arrive at taxable income, which is the portion of your earnings that is subject to tax. Some of these expenses include your payments of interest on a mortgage and for business loans.
Points are prepaid interest and may be deductible as home mortgage interest, if you itemize deductions on Form 1040, Schedule A (PDF). If you can deduct all of the interest on your mortgage, you may be able to deduct all of the points paid on the mortgage.If your acquisition debt exceeds $1 million or your home equity debt exceeds $100,000, you cannot deduct all the interest on your mortgage and you cannot deduct all your points.oints paid by the seller of a home cannot be deducted as interest on the seller's return, but they are a selling expense that will reduce the amount of gain realized. The buyer may deduct points paid by the seller, provided the buyer subtracts the amount from the basis or cost of the residence.