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    New client - entering mortgage points carry forward

    Stacy A4
    Level 1
    ‎03-10-2022 03:01 PM

    I have a new client that has mortgage points from 2015 on her 2020 return.  There is form 4562 showing $23. Included are two forms: Depreciation Detail Listing and Next Year Depreciation worksheet.  Where do I enter this information into the 2021 return so it carry forward. 

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    3 Comments 3
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎03-10-2022 03:52 PM
    personal residence or rental property?

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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    Stacy A4
    Level 1
    ‎03-10-2022 03:58 PM

    personal

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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎03-10-2022 04:16 PM

    Schedule A has a entry table for points.  Enter there with the original info and it should pick up the remaining amortization going forward.

    points.png


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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