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kjrmom911
New Member

If I purchased a home in 2019 but we used the standard deduction, can I claim the points in 2020 if I am now itemizing?

I purchased the home in 2019 in october. I did not claim the points and the loan was purchased by a new lender in late 2019. We did not itemize in 2020 but are doing so this year. Can I claim the points from 2019 that I never claimed?
2 Replies
MinhT1
Expert Alumni

If I purchased a home in 2019 but we used the standard deduction, can I claim the points in 2020 if I am now itemizing?

No. You cannot deduct points paid in 2019 on your 2020 tax return.

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kjrmom911
New Member

If I purchased a home in 2019 but we used the standard deduction, can I claim the points in 2020 if I am now itemizing?

That is what i thought, but when i was itemizing the program asked me if i had points from 2019 that i hadnt claimed. Confused.

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