Basically, if you itemized deductions on your 2021 return and claimed your costs, you can't claim them again on your 2022 return at all. You'll need to check your 2021 return, but most likely you did not itemize deductions on your 2021 tax return. Just look at line 12a of the 2021 return. If the amount entered there is from SCH A, then you itemized. But chances are, you did not itemize and instead took the standard deduction.
Here's the explanation of your deductible refinancing costs.
- Those cost related to acquisition of the property are added to the cost basis of the property and depreciated over time. Since this is a refinance with no change in ownership, you do not have any costs associated with acquisition of the property.
- Those costs associated with acquisition of the loan are amortized (not capitalized) and deducted (not depreciated) over the life of the loan. If correctly entered, they will appear in the Depreciation/Assets section of the SCH E as a separate item, labeled something along the lines of "financing costs" or similar.
