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April 9, 2025
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Purchased Home Late in Year. Paid Points. Didn't Receive a 1098. How Do I Input Points?

  • April 9, 2025
  • 1 reply
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I purchased a home (first and only) in late 2024.  I paid $3,000 points at closing.  I paid a small amount of interest at closing (less than $600).  I didn't receive a 1098 (because interest paid was <$600).  How do I input my points?  Please advise.  Many thanks.

Best answer by Vanessa A

If you are using the desktop version, you can do it either way.  If you are comfortable with forms, as long as it in something that has a blue font, you can enter it in there.  If you enter anything that is a calculated field, you may get an error and won't be able to e-file. 

1 reply

KrisD15
April 9, 2025

You can use your closing statement for reporting the points and add the interest as well.

Report as if you did receive Form 1098. 

Get the info for the Lender from your statements or contact them directly. 

 

Deductions & Credits

Your Home

Mortgage Interest, Points, Refinancing, and Insurance

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BTRRAuthor
April 9, 2025

Thanks.  One follow-up question:

Do I use the Q&As to fill in a "fake" 1098... or do I use Forms Mode to manually enter the figures... or do I use some other method?

Vanessa AAnswer
April 9, 2025

If you are using the desktop version, you can do it either way.  If you are comfortable with forms, as long as it in something that has a blue font, you can enter it in there.  If you enter anything that is a calculated field, you may get an error and won't be able to e-file. 

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