I amortized points paid on refinancing over the term of the mortgage, may I change and write off the remaining points this year and discontinue amortiziing in the future?

[mlyonais1964-]

Can I write off the remaining points paid on refinancing a mortgage and discontinue amortizing them?

[JohnW15 · Accepted solution]

If you meet specific criteria, you can either deduct all your points in the year you paid them, or deduct them in equal increments over the life of the loan.

Please see the TurboTax FAQ "Can I deduct mortgage points?" below for guidance.  Pay particular attention to the bulleted section, and the "If you refinanced with the same lender" section to see what applies to your particular situation.

https://ttlc.intuit.com/replies/3302279