I refinanced my mortgage for my primary residence, and took cash out (the extra money was set aside in the bank to be used to renovate the house). It Closed at the end of December, 2020, but was not Disbursed until early January, 2021. I received 1098 forms for both 2020 and 2021, which list the Origination Date as December, 2020. The Points were not listed on the 1098s (the Closing Disclosure listed it as an Origination Fee, and I have read that Origination Fee is just another term for Points when the other Closing Fees were paid separately). Is that deductible in 2020 (when it Closed), or 2021 (when the money was actually Disbursed)?
