DMarkM1
Expert Alumni

Deductions & credits

Yes you will claim an itemized deduction for any remaining points in the year you pay off the loan. 

 

In the "Mortgage Interest" topic when you enter the form 1098 for 2022, you will be asked about the points paid in 2022. 

You will select that you paid points on your second home or opened a home equity loan in 2022. 

On the follow on page you will enter the loan information and the points paid (all remaining) and check the box for "Refinanced/paid off the loan".  

 

 

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