Two 1098s, where should the points go or can I deduct them all?

Forum|Forum|11 months ago
April 11, 2025
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I bought a new home last year, and it was financed through the builder (Lender A). It's a smallish loan, well under the 750K cap, and I have around $5K of points paid that shows up in box 6 of the 1098.

Lender A sold the loan a couple weeks after closing to Lender B. Lender B's 1098 says nothing about points.

When filing taxes in Turbotax, should the points be logged under Lender A, Lender B, or both? And do I amortize the points over the life of the loan, or deduct them all this year, since I'm using a different lender going forward?

Assuming I only amortize the points under Lender A this year (since they are on their 1098), what will I do in the following year, when I only receive a 1098 from Lender B?

DoninGA

Since the loan was sold you report the all of the points paid on your 2024 tax return. Points logged on from Lender A only.

AndPhotonAuthor

That seems logical, but I've seen very conflicting information on this forum, which is why I started a new thread. @DavidD66 @Mike9241 Had different opinions in other threads over the years, with only vaguely different circumstances. Here is one example:

"Mortgage was sold to new lender. I was amortizing my points with original loan. how do I transfer this amortizing or do I take all the remaining points this year"