@alo2021
Yes, it's your choice, but to deduct the points ratably (equally) over the life of the loan, you have to meet certain requirements.
According to Deduction Allowed Ratably in the IRS’s Publication 936, Home Mortgage Interest Deduction,
1. You use the cash method of accounting. This means you report income in the year you receive it and deduct expenses in the year you pay them. Most individuals use this method.
2. Your loan is secured by a home. (The home doesn't need to be your main home.)
3. Your loan period isn't more than 30 years.
4. If your loan period is more than 10 years, the terms of your loan are the same as other loans offered in your area for the same or longer period.
5. Either your loan amount is $250,000 or less, or the number of points isn't more than:
a. 4, if your loan period is 15 years or less; or
b. 6, if your loan period is more than 15 years.
