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turbotax delux won't allow deduction of primary home mortgage points during first year of loan
I purchased a new primary home early in 2022 and paid $6,490 in points as indicated on the 1098 form from the mortgage company. I entered this info and the turbo tax spreads the points out over the length of the 30 - year loan...I believe the points are deductible in total during the first year or they can be spread out. The only way I can get turbo tax to deduct the total points amount this year is to enter "1" for the length (years) of the loan. Am I missing something? Thanks...
‎February 12, 2023
1:17 PM