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fsumom7777
New Member

Do I have to put amount for Points paid on purchase of principle mortgage If so where?

Where does the answer to box 6 go?
1 Reply
SamiaI
New Member

Do I have to put amount for Points paid on purchase of principle mortgage If so where?

Yes, you can deduct points paid on your main home, on Schedule A. Points are fees charged for acquiring a loan. These fees may also be called loan origination fees, maximum loan charges, loan discount, or discount points.

In TurboTax, please do the following: 

  • Take me to my return, Click on Federal.
  • Deductions & Credits
  • Your Home
  • Mortgage Interest, Refinancing, and Insurance, Click Start
  • Did you pay any home loans in 2017?
  • Who's your mortgage lender?
  • Do any of these uncommon situations apply to your loan with ____?
  • Let's get the details from your __1098 now
  • Did you take out this loan in 2017?
  • Did you pay points in 2017 when you took out the loan?, select I paid points when I purchased or refinanced to improve my main home in 2017. 
  • Then you will be able to select points are reported on my 1098
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