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Level 2
April 21, 2020
Solved

points deduction

  • April 21, 2020
  • 2 replies
  • 6 views

I have had a mortgage since 2015.  I failed to claim a deduction for points because I did not realize that points could be called "origination charges", or something similar.  Now my question is can i start deducting the origination charges now, three years later.  If so can I claim all since 2015, or can I claim just for 2019.

 

Best answer by Critter

Points are claimed only  the year they are paid ... it is now too late to go back and amend a 2015 return.

2 replies

Critter
CritterAnswer
Level 15
April 21, 2020

Points are claimed only  the year they are paid ... it is now too late to go back and amend a 2015 return.

lehart306Author
Level 2
April 21, 2020

I was afraid of that.  Thanks.

April 21, 2020

should you refi, points on a refi must be amortized over the life of the loan.