DawnC
Employee Tax Expert

Deductions & credits

If points paid on a mortgage were for the purchase or improvement of a personal residence, they may be deducted in the year they are paid or amortized.   Are you entering a mortgage statement for a mortgage that originated in 2021?    Looking at your screenshot, it doesn't look that way.   When did you take out the mortgage and pay the points?  

 

Points paid to refinance a home mortgage are not deductible when paid, but must be capitalized and the deduction spread over the life of the loan (amortized). 

 

Deductibility of Points

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