So, to be clear, since I didn't deduct the points from the original loan last year (2019 tax return), I can deduct the original loan's points this year since I refinanced with a different lender in 2020. But for the refinance loan, I can only deduct those points over the life of the loan.
Alternatively, I can amend my 2019 return to deduct the original loan's points on that return. But as a result, I would not be able to deduct any points from either loan for my 2020 tax return. Since I itemized last year and will be itemizing this year as well, these options would effectively just be different routes to achieving the same outcome (deducting the original loan's points).
Did I understand that correctly?
