DMarkM1
Expert Alumni

Deductions & credits

Enter as one form 1098 since it is the same debt with the same lender.  Box 1 will be a total of all the mortgage interest paid. Box 2 the mortgage principle on the most current 1098.  Box 3 the mortgage origination date on the most current 1098.  Box 7 should be checked or indicate the loan is secured by a property of yours.  It is a refinance and is the latest 1098.    

 

You'll not get the deduction for last year's portion of your points (it's only fours months of the life of the loan so will be an insignificant amount).  TurboTax will calculate this years deductible points. You'll enter the origination date of the loan, the length of the loan and the amount of points paid (1000).  Since you refinanced with the same lender you must continue to deduct pro-ratably.        

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