DianeW777
Expert Alumni

Investors & landlords

You're welcome.  Since your lender did pay the points with part of the loan proceeds as you indicated previously, amortization is the correct action for your personal expenses on Schedule A as well.

If you have other mortgage interest for 2020, besides the points, that should also be prorated between personal and rental portion, then enter the full amount for each part of the return.  Only the points for the rental (and the home portion) need to be amortized in your situation.

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