JohnB5677
Expert Alumni

Investors & landlords

The fee you refer to is commonly referred to as Points, and yes you can enter them into the Mortgage Interest and Refinancing (Form 1098) section of TurboTax.

 

To enter your 1098 Mortgage Interest statement.

  1. Log into TurboTax
  2. Select Deductions and Credits [Review/Edit]
  3. Mortgage Interest and Refinancing (Form 1098) [Edit/Add]
  4. Add a other 1098 or select your bank
  5. Continue to follow the interview
  6. Did you pay points in 2020 when you took out the loan?
  7. We paid points when we refinanced, purchased a second home, or opened a home equity loan in 2020
  8. Tell us about the points you paid on your mortgage
  9. Enter your information here.

Note: if you enter your property taxes from your 1098 you will not have to enter them again in the property tax section

 

 

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