Loan origination fees (also called points) get entered under the Mortgage Interest section of Turbotax and are placed on Schedule A along with your other mortgage interest on Line 10.
The most direct method to get to this section is by using the search feature (otherwise you can find this under Federal taxes -> Deductions and Credits -> Your Home -> Mortgage Interest.
- Log into your account and click the button Take Me to My Return before you try to search. Otherwise, you will not get the right screens.
- Use the search function (magnifying glass in the top right corner) and search for "1098" and this will bring you right to the mortgage interest deduction section
- On the Tell Us More about Your Loan page, click the box for "This is a new loan on which I paid points (origination fees)" in 2017
- Note: If this is an old loan and you just need to add points that you are amortizing over the life of the loan, then check the box for "I'm spreading the points (amortizing) over the life of my loan" and TurboTax will provide you with an entry box to calculate your deduction for the year.
- Choose the appropriate sub-option from the menu list and continue through the screens.
- The program will ask about your mortgage interest and other items first and then you will get a screen to enter the dollar amount of points paid (origination fees)
