were the points paid on a mortgage to acquire your main residence? Then the points are fully deductible in the year you took out the mortgage. if on a refi, second home, home equity loan, or investment property then some details are missing from your entries. however, on your main residence, you can elect to amortize. IRS Ltr Rul 199905033
for example on a refi, second home. or home equity loan used to improve the home you would have to check the box that the points must be amortized using the Home Interest Worksheet. Then TT would take you through the additional questions to compute the amortization.
for investment property, the points would need to be entered through the asset entry worksheet. type of asset code L.
if the mortgage interest limitation is in effect, for example, you take out a $1,500,000 mortgage in 2019 to buy your main home and pay points of 1% or $15,000, 1/2 of the points are not deductible at all (the mortgage is twice the loan limit of $750,000)
