In 2019 I bought a second property to use as my primary residence. I spent a few months renovating and moved into the property in December 2019. I paid points as part of my mortgage for this second property. My understanding is that I do not need to amortize those points, because I'm using this property as my primary residence (even though it's my second time purchasing a home). Is that correct?
Also, not sure if this is relevant, but I started listing my first property for rent in December, but it didn't get rented out in 2019, so I won't be filing a Schedule E as I had no rental income in 2019.
