Tclaypool42300
Returning Member

Mortgage Refinance Interest

I refinanced my house in March of 2019. Owed $161,000. Borrowed on new loan $195,000. I have 2 1098 forms. First one is for old loan with $1706 mortgage interest. Second one is for new loan with $5,996 interest. Last year's return i paid $6900 interest and it was deducted. This year TT only lets me deduct the $1706. Shouldn't I get a deduction for at least a portion of the $5996? And TT won't doesn't show checkbox to say first loan was paid off in 2019.