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Form 1098 box 6 is listing the points you paid for your mortgage. Enter box 6 amount in TurboTax. A point represents a % of your mortgage loan amount.
The amount listed on line 803 is your adjusted origination charges. Not all of your origination charges are deductible. Only the points included in that figure are deductible.
Other Items on closing disclosure form that may be deductible:
Other fees, such as commissions, attorney fees, preparation of deed, abstract fees, owner title insurance, recording fees are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
Form 1098 box 6 is listing the points you paid for your mortgage. Enter box 6 amount in TurboTax. A point represents a % of your mortgage loan amount.
The amount listed on line 803 is your adjusted origination charges. Not all of your origination charges are deductible. Only the points included in that figure are deductible.
Other Items on closing disclosure form that may be deductible:
Other fees, such as commissions, attorney fees, preparation of deed, abstract fees, owner title insurance, recording fees are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
I have this discrepancy too. I refinanced my home loan and Hud-1 has $9500 for Point amount but 1098 has $2500. Would I expect to see on the next 1098 any % of $9500. I read your answer but it was unclear. It would be appreciate it if I have a simple answer by numbers.
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