Deductions & credits

you have to keep track of the points deducted so far and subtract that from the points paid at all your closings with that lender.

Then divide that by the term of the latest loan.

 

Maybe turbotax does this properly  for you or not, I can't say.

If TurboTax failed to track this properly for you in the tax file history, you have to fudge the total points amount so that the end result is correct.

 

Doing this calculation yourself is probably easier than doing through depreciation, but what do I know, I could be wrong.