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?
02316
2 Replies
MinhT1
Expert Alumni
Feb 26, 2021 12:53:38 PM
No. You cannot deduct points paid in 2019 on your 2020 tax return.
kjrmom911
New Member
Feb 26, 2021 1:56:10 PM
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.