Thanks Carl, i thought one had to amortize. There are rules to be able to deduct the points fully on the tax year I purchased the property as per https://www.irs.gov/taxtopics/tc504
I need to check but I may not qualify : I refinanced and included the point to the balance and it reads "You can't have borrowed the funds from your lender or mortgage broker in order to pay the points."
Whether I amortize it or deduct it fully, I may still need to be split for the part that is rented out .
Or maybe I could just put it fully under deduction and not bother to amortize in schedule E.
The tax amount seems like it would be the same though there may be some details I missed.
