turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I sold my house in MD and bought a new one in VA. Turbo tax is amortizing the points I paid in VA in error. How can i fix this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

I sold my house in MD and bought a new one in VA. Turbo tax is amortizing the points I paid in VA in error. How can i fix this?

Please go back through the entry screens for that 1098 and be sure you selected BOTH 

 

This is a new loan on which I paid points (origination fees) in 2022

AND

I bought or improved my main home with this loan in 2022

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
KrisD15
Expert Alumni

I sold my house in MD and bought a new one in VA. Turbo tax is amortizing the points I paid in VA in error. How can i fix this?

Please go back through the entry screens for that 1098 and be sure you selected BOTH 

 

This is a new loan on which I paid points (origination fees) in 2022

AND

I bought or improved my main home with this loan in 2022

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I sold my house in MD and bought a new one in VA. Turbo tax is amortizing the points I paid in VA in error. How can i fix this?

I did exactly as you suggested and it did then remove the amortization of the points. Thank you so much!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question