If you have points, they should be listed in Box 6 of your Form 1098, Mortgage Interest Statement.
If you have your closing documents, you can do the following:
- Locate the “Settlement Statement” in the closing documents. The name should be clearly defined at the top of the document. The settlement statement includes all costs and exchanges of funds for both you and seller that occurred when you purchased the property.
- Look for a charge on the settlement statement that contains the words “points” or “loan discount.” Points may have been paid by the borrower or the seller, so check both the borrower and seller columns for the amount. The cost may also be split between the borrower and seller. In that case, add the two amounts together to determine the total mortgage points paid.
For more information on points and their deductibility, you can reference the FAQ below:
https://ttlc.intuit.com/replies/3302279
