Deductions & credits
Yes. TurboTax breaks down the points calculation on the Home Mortgage Interest Worksheet, which you can see after you pay for TurboTax.
Points are deducted evenly over the life of the loan. For example, if you paid $12,000 in points on a 15-year (180-month loan) you would deduct $66.67 per month or $800 a year. Since the first and last years are month 12 months, the deduction in those years will be different.
