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The home mortgage industry uses two types of points, origination points and discount points. Origination points are typically income for the loan originator, while discount points are a type of prepaid interest and are often fully deductible.
Yes, you can deduct points for your main home, if all of the following conditions apply:
If you meet all the above criteria, you can either deduct all your points in the year you paid them or deduct them in equal increments over the life of the loan. Either way, you'll need to itemize to get the deduction.
Mortgage points are considered an itemized deduction and are claimed on Schedule A of Form 1040. Here are the specifics:
How to enter in TT (note there will be a question if not reported to you on a 1098): https://ttlc.intuit.com/questions/2900844-where-do-i-enter-my-1098-mortgage-interest-statement
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