The desktop version of Turbo Tax seems to handle this. Here are the key entries I made:
When entering the 1st Loan:
1098: Box 2: $740,000, Box 3: 05/01/2020 (Date of Refinance), Box 11: Blank
Is this the most recent 1098? NO
Is this loan the result of refinancing a previous loan? YES
Did you use your loan for anything besides paying off the existing loan: NO
When entering the 2nd Loan:
1098: Box 2 $730,000, Box 3: 05/01/2020 (Date of Refinance same as 1st loan),
Box 11: 4/01/2023 (Acquisition Date)
Is this the most recent 1098? YES
Is this loan the result of refinancing a previous loan? YES
Did you use your loan for anything besides paying off the existing loan: NO
All of the interest I entered was deductible on Schedule A. Box 3 should be the same date or at least within a few days on both 1098s. Box 11 should be blank on the first 1098 and contain the date the loan was transferred to the new lender on the second 1098. When you look at the worksheets for the loans, it may have missing data like the amount of premiums paid. Don't worry about that. Turbo Tax didn't need that info to figure the deductible mortgage.
