I refinanced my home and got extra to renovate. I paid $5900 points. Within a week it was sold to another lender. Turbo tax told me in the help section that under those conditions I deduct the entire amount rather than amortize. The points are reported on the 1098 form. They are not on the company which bought it. The only way to put enter the amount was to declare it as a new loan. Is this ok? Is there another way?
