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New Member
posted Feb 17, 2023 5:48:41 AM

I've entered mortgage points paid at closing in 2022 turbotax. They should deduct in 2022. But they are spread over life of loan.

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1 Replies
Expert Alumni
Feb 17, 2023 6:05:28 AM

Generally, you can deduct the full amount of your points in you year you pay them. However, there are certain limitations imposed by the IRS.

 

Please review the link below to see if any of these limitations apply to you.  You should focus on the section "qualifying for a deduction."

 

How to deduct Mortgage Points

 

@fred_eye