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New Member
posted Jul 5, 2020 10:32:16 AM

I have Amortization $550.26 on my mortgage interest 1098 - where do I enter that?

Is Amortization (in box 10) addressed elsewhere?
It's in there with R/E taxes

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1 Replies
Expert Alumni
Jul 7, 2020 5:41:55 AM

This is likely mortgage points. Did you purchase the home or refinance in 2019? Do you have anything reported in box 6? When you refinance, any points paid must be amortized over the life of the loan. If you refinanced in a prior year, they may be reporting the to-date amortization as additional information, which would not need to be entered on your return.

 

How to Deduct Mortgage Points