RaifH
Expert Alumni

Deductions & credits

That number represents your mortgage interest paid this year and the total points paid for this loan. As I said earlier, the deductible portion of your points is determined by the amount paid divided by the life of your loan. In your case, it looks like you paid $5,260 in points for a 15-year loan.

 

I have no idea why it chooses to display this number instead of just the deductible points. If you look on Schedule A and the related home mortgage interest worksheet, you will see that your mortgage interest deduction is being calculated correctly. 

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