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Deductions & credits
Thanks for the detail explanation. I followed the steps exactly like you suggested but it did not change anything. The points only shows in the "Home Int Wkst" for the 1st 1098 like before but still not added to Schedule A. My case is that the loan amount is slightly over $1M. Turbotax did calculate the allowable portion of the interest deduction based on the $750,000 rule but it does not include the points. Perhaps you can try with the loan amount over $1M and the problem will be there. Thanks
‎February 7, 2025
12:17 PM