Yes. It is deductible. You can deduct any interest, property taxes, and most mortgage insurance premiums that are reported on the Form 1098 Mortgage Interest statement.
You can also deduct any interest or property taxes from the settlement statement that are not already reported on the Form 1098 and not
"pre-paid" and held in escrow.
Additionally, you
can deduct qualified points paid on a mortgage and qualified mortgage insurance
premiums. (Points can also be called loan origination fees, maximum
loan charges, discount points, or loan discount.)
For a refinance, the points have to be spread out over the term of
the loan. The software will prompt you to select that.
Where do I enter my 1098 mortgage interest statement?
https://ttlc.intuit.com/replies/4793767
Here's an alternate method to get there:
-
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)
