My points on mortgage is $124.00 in Turbo Tax app but only $4.00 shows on line 12 of the itemized form. Is this a software glitch?

[JulieCo · Accepted solution]

If your points paid are for your main home and meet the criteria for being deducted, they can be deducted all at once OR deducted in annual equal increments over the life of the loan.  It looks like your points are being amortized over the life of the loan.  You may want to go back to the section where you entered the points and check how the deduction was entered.

https://ttlc.intuit.com/replies/3302279

[akita_johnson]

This is a software problem! What shows in Turbo Tax does not show up on the tax re turn form!

[fanfare]

$124 of points divided by 30 years is $4. are you sure you paid a points fee of $124? that is pretty tiny.
Or did you pay  a points fee of 124 x 30 = 3,720. ?