Yes, if the new Settlement Statement showed “Loan Amt (Points)” = $5,400 but box 6 of Form 1098 = $0, you can enter that in Box 6 as "Points".
You correctly entered the original 1098 first, and said yes, this is the original loan I used to buy or build my home’
You correctly entered the 2nd 1098, and selected ‘this is a refinance’.
Yes, you can deduct and amortize this $5,400 Discount Points over the life of the mortgage. You should selected "I am spreading the points over the life of my loan(amortizing)".
You should record the combined total of the Real Estate Taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
