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As you walk through after entering your 1098, you will be asked "Tell us about any point paid to xx. If you bought the home in 2022, then you will be given the option to enter all of your points. If the loan was prior and you have been amortizing your points over the life of the loan, you will select the "I'm spreading the points over the life of my loan"
On the next screen, based on which box you check, you will be given the chance to enter your points you paid.
The solution posted does not work for me. I selected spread over the life of the loan and the next screen does not let me enter the points. How do I get these in there?
Usually, your lender will send you Form 1098, showing how much you paid in mortgage points and mortgage interest during the year. Transfer this amount to line 8a of Form 1040 Schedule A. If any of your points were not included on Form 1098, enter the additional amount you paid on line 8c of Form 1040 Schedule A.
After you enter your form 1098 Mortgage Interest, continue with the interview and you'll get to the screen where you can enter Form 1098 Mortgage Interest Box 6, points.
In general, points are deductible in the year paid IF you use your loan to "buy or build your main home." There are several "tests" that your loan has to meet in order to be able to deduct the points in the year paid:
If you are using TurboTax desktop after you enter the mortgage interest and property taxes on the screen that says "Let's Get the Details . . ." and you click on continue the next screen asks you about points "Tell Us About Points . . ." If you click on the first box
The next screen will ask you for information about the points
TurboTax Online asks the same questions but the screens look a little different. If you go through the mortgage interest screens you will come to the screen that asks about points.
You can also try these steps:
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