Carl
Level 15

Deductions & credits

If the property is your primary residence, 2nd home or any other "personal pleasure" use type of property, your only deductible items are the mortgage interest and property taxes.

Any commission you may have paid to a real estate agent reduces your cost basis in the property.

The "points" are just pre-paid mortgage interest that you paid at the closing. Usually the points are included as a part of the origination fees.

Most likely, you also paid a percentage of property taxes at the closing too. So whatever amount if any, property taxes you paid at the closing, then those are a deductible expense also.

All of this should be detailed on the closing statement you received at the actual closing.