where to input deduction for origination fees and other prepaid interest from Closing disclosure for purchase of principal residence?

You can enter your mortgage interest and fees paid at closing into TurboTax, under Deductions & Credits. Keep in mind, the IRS lets you deduct your mortgage costs, but only if you itemize deductions.

 

They will be entered under "Deductions and Credits" as follows:

 

In TurboTax Desktop you will:

1. Click on the "Deductions & Credits" tab under "Federal Taxes"
2. Under the Section "Your Home" click on start next to "Mortgage Interest, Points, Refinancing and Insurance"
3. You can also click on "Visit All" for that section.
4. You will then go through the TurboTax screens and enter your mortgage information.
5. Complete all follow-up screens.

In TurboTax Online you will:

1. Continue your return.
2. Click on "Deductions & Credits" in the left panel.
3. Click on "Add" next to "Mortgage Interest and Refinancing Form 1098."
4. You will then go through the TurboTax screens and enter your mortgage information.
5. Complete all follow-up screens.

 

Deductible mortgage costs generally include::

• Real estate taxes paid at closing
• Mortgage interest paid when the cost was settled
• Interest paid at the house’s purchase
• Loan origination fees, known as “points”

 

Click here for additional information on Mortgage closing costs.

 

Click here for" Can I deduct my mortgage interest"?

 

Click here for additional information on entering your form 1098.

 

Click here for additional information on Form 1098.