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March 23, 2021
Question

I refinanced in 2012 and paid points- where do I enter this information

  • March 23, 2021
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March 23, 2021

We'll ask about your refinancing expenses when you go through the Your Home area in the Deductions Credits section of TurboTax. To quickly get to that section of TurboTax:

  • Type points in the search box and click on Jump to points.

Generally, when you refinance your main home or a second home for personal use (such as vacation property or a cabin), you can only deduct points over the life of the loan. You'll need to take the itemized deduction.

 

Now, if you refinanced rental property, there's a lot more you can deduct. Read more.

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