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missymom17
New Member

Do I get any credit for points and closing costs paid when I did a refi on my home loan? And if so, where and how do I enter this info?

 
1 Reply
KarenJ
Intuit Alumni

Do I get any credit for points and closing costs paid when I did a refi on my home loan? And if so, where and how do I enter this info?

On a refinance, the points must be spread out over the life of the loan (i.e. 1/360th of the points for each month you made payments on the refi in 2018 for a 30 year loan). TurboTax should calculate this for you but double check.

Closing costs are not deductible.


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