bacaj1202
Returning Member

Deductions & credits

Hi @AbrahamT again. Sorry for the delay in response. I'm still not 100% certain of the responses you provided considering @DaveF1006 had conflicting responses.

"Tell us about any points paid to REFINANCED LOAN MORTGAGE LENDER. Be sure to check all that apply to this loan (or refinance):

1. This is a new loan on which I paid points (origination fees) in 2022

2. I bought or improved my main home with this loan in 2022

3. I'm spreading the points over the life of my loan (amortizing)

4. I have no points to deduct for this loan

 

Dave said to check boxes 2 and 3. You (AbrahamT) said to check boxes 1 and 2. Would a refinance be considered a "new loan"?  When I click on the "learn more for box 1 "new loan," I get:

 

Screenshot 2023-03-18 at 6.01.39 PM.png

 

When I click on box 3 "spreading the points," I get:

 

Screenshot 2023-03-18 at 6.01.16 PM.png

 

However, no matter what combo of these boxes and after running the update, I still get an error at the end on the home interest form of the ORIGINAL loan mortgage lender worksheet.

 

This is how  the home interest worksheet boxes A and B and C are currently on the ORIGINAL loan worksheet:

 

Screenshot 2023-03-18 at 5.53.08 PM.png

 

 

This is how the home interest worksheet boxes A and B and C are currently on the REFINANCED loan worksheet:

 

Screenshot 2023-03-18 at 5.54.00 PM.png

 

On your previous response, you advise to press YES for both box A and B (I am assuming you meant on the ORIGINAL loan worksheet), but that does not make sense to me. Why would I answer YES to "was this loan the result of refinancing a previous loan" on the original loan I used for my home? I would like you to please re-look at the situation and advise. Let me know if I am not looking at this correctly. I am happy to provide another token, let me know.