Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
rennellballinger
February 4, 2025
Question

I have a 1099 Int Tax nothing about points only interest income what do I put for points paid

  • February 4, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    D
    DianeW777
    February 4, 2025

    It depends. Contact your bank or finance company who handled the loan for you.  If you are indicating that your points were paid for your home, they must provide that for you.  One other possibility maybe is the purchase documents for your home.  Sometimes a mortgage is sold quickly and the first bank should report the points paid.  Once you obtain the information the link below will help you with the entry.

    The 1099-INT would be recorded as interest income.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification