Please follow the instructions on how to enter this information in the following Turbo Tax article. In the instructions, it has some useful information.
- In the first point you mentioned above, you will uncheck the box that asks if this is a new loan. It's not a new loan but simply the old loan with renegotiated terms.
- Be sure to mark option 3 also regarding the points. The points on a refinance need to be amortized over the life of the loan.
- You will select the second option listed because you I bought or improved your main home with this loan in 2022.
- Then you will check that this is a refinance of a previous loan.
- Then no would be the answer asking if the original loan was a refinance.
Reach back if you have further questions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
