You will follow these steps in TurboTax to add mortgage points:
- Sign in to TurboTax
- Click the arrow next to Deductions and Credits
- Click Start next to Mortgage Interest and Refinancing
- Answer interview questions
- Choose I paid points when I refinanced
- Enter points paid
If the cost of the home exceed $750,000 the amount of points that can be used are limited. If you are not able to deduct your points in the year you buy, then the points will be deductible over the life of the loan.
For more information, see the link below:
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