Yes, if the refinance is not with the same lender (see below from IRS Publication 527).
- Loan or mortgage ends. If your loan or mortgage ends, you may be able to deduct any remaining points in the tax year in which the loan or mortgage ends. A loan or mortgage may end due to a refinancing, prepayment, foreclosure, or similar event. However, if the refinancing is with the same lender, the remaining points generally aren’t deductible in the year in which the refinancing occurs, but may be deductible over the term of the new mortgage or loan.
If this is a completely new lender follow the steps below to expense the remaining balance.
When you are signed into your TurboTax account, go to the 'points' assets to select that they were removed or taken out of service on the date of the new refinanced mortgage.
Next select 'Miscellaneous expenses' as rental expense > Continue > Start beside Miscellaneous expenses enter the description 'Points due to refinance' then enter the remaining amount after depreciation that has already expensed.
NOTE: Be sure to check the amount of depreciation being used for 2020 based on the date taken out of service.
This will add the remaining points as an expense on your rental activity. As noted be sure you only use 50% of the expense for the rental portion of your duplex.
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