- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
March 7, 2022
7:41 AM