@dsb63 wrote:
Thank you, yes i meet all the requirements. My issue is the turbo tax software is auto calculating a 30 year pro ration on the points. Any thoughts on how to change to get it to apply all points to the current year of the purchase?
Points must always be spread out on a refinance. Points must always be spread out on a second home.
A qualification the previous answers did not mention is that you must bring at least as much cash to the closing as the points you paid. (If you paid points, but they were rolled into the mortgage and you did a no closing cost mortgage, you must spread out the points.)
You may need to delete the 1098 and start over entering the mortgage, pay attention to all the qualification questions.
