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Level 2
April 21, 2020
Solved

points deduction

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.

 

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.

3 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.