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March 22, 2023
Question

On line 6 of 1098 form where can i put it in turbo tax ( points paid on purchase of principal residence)

  • March 22, 2023
  • 1 reply
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Where do I record Points that I paid when closing on my home?

1 reply

March 22, 2023

TurboTax has a box to enter points.

 

Go back to Mortgage Interest.

 

  • Type form 1098 in Search in the top right corner.
  • Select Jump to form 1098
  • Edit your mortgage lender
  • Keep going until you see Did you pay points in 2000 when you took out the loan?
  • Select I paid points when I purchased or refinanced to improve my main home in 2022, then Continue and fill out the rest of your info

Points are prepaid interest and may be deductible as home mortgage interest, if you itemize deductions on Schedule A (Form 1040), Itemized Deductions. They may be called loan origination fees, maximum loan charges, loan discount, or discount points.

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