turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

johnd1
New Member

Why would TurboTax ask - We paid points when we refinanced, purchased a second home, or opened a home equity loan in 2015. Wouldn't this be in 2015?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
klgriff
New Member

Why would TurboTax ask - We paid points when we refinanced, purchased a second home, or opened a home equity loan in 2015. Wouldn't this be in 2015?

some points are spread out throughout  the loan and you can deduct a percentage each year

Why would TurboTax ask - We paid points when we refinanced, purchased a second home, or opened a home equity loan in 2015. Wouldn't this be in 2015?

You must deduct points / N , where N is the term of your loan in years.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies