I purchased my new primary residence and did some renovations on it before moving and selling my former primary residence. The total time I owned both homes was 5 months and 3 weeks (all during 2022). I paid points on the new primary residence loan believing they would be deductible. After inputting my 1098s (both loans were sold during 2022, adding to the confusion) Turbo Tax is amortizing the points over the life of the new loan. As I read the IRS regulations, because the second home was intended as my primary residence (and currently is my primary residence), the points should be fully deductible. I suspect the program is treating this as a second home because of the overlap and no place to show the first house has been sold. Is there a way to force it to allow the deduction of the full points paid in 2022? Note: the total of both loans combined did not exceed the $750K threshold. I am filing as a single taxpayer.
