Deductions & credits
It sounds like the input is showing the overall amount of your mortgage balance as exceeding $750,000. If so, the amount of your mortgage interest would be limited.
Mortgage interest deduction limits
You will need to review your input on each loan to ensure the following items are properly accounted for.
The loans that were refinanced and not there at the end of the year should reflect a $0 balance in Box 2 under the screen titled Let's get the details from your home loan 1098 as shown in the following sample.
You will also want to select that the loan that was refinanced and is no longer there at the end of the year is marked as paid off during the year.
Please see the following link for additional information on entering the refinanced mortgage interest expense.
