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?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
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
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.


Dynamic Ads
v
Privacy Settings