- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, as long as the balance was never more than 750,000 total and the refinance was only to change the rate and did not pull out any cash, you can split everything in half.
If the loan was ever over 750,000 or you took out equity during the refinance, you'll need to make adjustments.
If the first applies, and you can split everything in half, you still may have a difficult time with the TurboTax program. The section is a bit complicated since the rules of what can and can't be claimed changed several years ago.
Enter the oldest 1098 first and go through the interview carefully. Make sure you indicate that this was only one loan, the original and then turned into a refinanced loan.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
April 4, 2025
1:30 PM