Only the portion of the loan costs that represents points are deductible. Points on a refinance will need to be amortized over
the life of the loan, unless the loan was used to improve your main home.
Enter points that you paid (shown on the closing statement) and not reported on a 1098, as if you did receive a 1098. It will flow to the correct line on your schedule A. To navigate back to the section:
- In your open return, select My Account
- Topic Search
- Type '1098' in the box, then select GO
Select the 'add a lender' link. See attachment.
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