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Mortgage Point not deducting properly
I have a new Mortgage and it was sold to another company with in the first two months. I have points on the first 1098.
I was trying to figure out how much break I am getting on my mortgage points. So I tried entering the 1098 info with and with out the points.
I do not see any difference in the refund wether I enter the points or not.
However If I enter the points in the section "Interest not on 1098 and points not on 1098" screen I see a significant jump in the refund.
This mortgage is 750K+ - Can any one explain what is going on. Thanks and apprciate your help.
‎April 5, 2024
11:01 AM