topic Mortgage points in Deductions & credits

Mortgage points

jpbenbow — Wed, 11 Feb 2026 09:13:15 GMT

I paid points on a mortgage loan originated in 2023. I went to IRS.gov and and completed the ITA on the subject (Interactive tax assistance). I met all required criteria to be able to itemize the entire amount in 2023. However when I enter the info into Turbo Tax it shows that the points must be amortized over the life of the loan. I have checked my responses-i.e. main home, points paid in 2023, received a 1098, etc. but shows only 1/30 of the points can be itemized in 2023. Thanks

Re: Mortgage points

zomboo — Fri, 05 Apr 2024 20:50:42 GMT

I found this note on the page 'Tell us about any points paid to (lender name)' when I clicked on the underlined blue text 'points'

Note: To deduct 100% of your 2023 points on this tax return, you must check the box "This is a new loan on which I paid points (origination fees) in 2023" and the box "I bought or improved my main home with this loan in 2023."

Re: Mortgage points

jpbenbow — Sat, 06 Apr 2024 14:39:28 GMT

Hi. Thanks for response. I had already done what you suggested but still won’t work

Re: Mortgage points

zomboo — Sat, 06 Apr 2024 20:20:10 GMT

The only other things I can think of that would cause Turbo Tax to force spreading the points are the mortgage is marked for a second home or it is marked as a refinance of a previous loan. Since you didn't make these selections, I would contact customer support and share your screen with them as you go through the mortgage deduction section.