The Form 1098 often doesn't show origination fees/points. You can still deduct the qualified points paid from your settlement statement.
You can deduct any interest or real estate taxes on your
Settlement Statement that are not
already included on your Form 1098. Only
pro-rated amounts can be deducted, not prepaid amounts held for escrow.
Also, you can deduct qualified
points paid on a mortgage, but they have to be spread out over the term of the loan. The software will prompt you to select that. (Points
can also be called loan origination fees, maximum loan charges, discount
points, or loan discount.)
Most other fees are not deductible, but can be added to the basis to reduce potential capital gains when you later sell the property.
What kinds of refinancing costs can I deduct?
https://ttlc.intuit.com/replies/3300426
It goes in the same area as your regular mortgage interest. When
you enter the new mortgage interest, the software will ask you questions about
the new loan and you will be able to select that it was a refinance.
-
Federal Taxes tab (Personal in the Home and
Business Version)
- Deductions and Credits
- Your Home
-
Mortgage Interest and
Refinancing (select
Add a Lender if you have already entered one)
