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Mortgage points
I paid points on a mortgage loan originated in 2023. I went to IRS.gov and and completed the ITA on the subject (Interactive tax assistance). I met all required criteria to be able to itemize the entire amount in 2023. However when I enter the info into Turbo Tax it shows that the points must be amortized over the life of the loan. I have checked my responses-i.e. main home, points paid in 2023, received a 1098, etc. but shows only 1/30 of the points can be itemized in 2023. Thanks
‎April 3, 2024
4:08 PM