A bill to amend the Internal Revenue Code of 1954 to provide that points, loan origination fees, and other similar fees paid by the seller of real property with respect to any indebtedness of the purchaser of such property shall be deductible as interest by such seller.

Revises the Internal Revenue Code to permit to be deducted from gross income as interest any loan origination fees, loan placement fees, loan processing fee, points, premium, or other fee paid or accrued by the seller of any real property solely for the use or forebearance of money loaned to the purchaser of real property.