@DanAlger wrote:
I am running into the same issue. The initial lender resold the mortgage 2 weeks after closing. The initial purchase and the change in lenders occurred in 2022. But TurboTax is determined to amortize the points over the life of the mortgage. I have gone into the supporting worksheets and they show the proper numbers and elections. Quite frustrating.
If the lender transfers servicing of the loan, that is not a refinance, don't treat it as such.
As to why the program is not treating original purchase points as fully deductible, we can't see your file. If you call customer support, they can do a screen share and look at the program internal worksheets. Or maybe @MarilynG1 or @Cynthiad66 will be able to help further.
