Points not being deducted

[PR2025]

Hi

I sold a home in 2024. Entered interest - TT takes it.

I then bought a new home with points. The lender L1 sold the mortgage immediately to another service provider L2. 

So, I entered the points and interest for the lender L1, and also the interest from the second service provider L2.

I told TT that the L2 acquired the loan. The dates all match. 

The summary of these shows the correct interest and shows the points as deductible. 

HOWEVER, on the tax form it only includes the interest payments!! Doesn't include the points!!!!!

What can I do to fix this?

[RobertB4444]

Mortgage points are fully deductible up to a $750,000 mortgage balance.  If your case you may have exceeded that balance by entering the remaining mortgage balance on both of the form 1098s that you entered.  

Go back to the first 1098 (you called it L1) and delete the amount in box 2 for 'outstanding mortgage principal'.  The correct amount for that entry is zero because they have sold your mortgage and the balance was transferred to the new lender.  

If that was the problem then that will fix it by dropping your total mortgage amount below $750,000.  If the problem is that your one mortgage is greater than that then TurboTax is correctly eliminating the deduction.

@PR2025