Let's see if we can cut through the chase and deal with this directly. I will only be covering the steps to deal with the original loan, and the first refi in 2020. Assuming you correctly entered the points/refi fees for the 2nd refi, we don't need to do anything with the 2nd refi (unless you need help entering them correctly, but you probably don't)
I am also assuming that the first refi was "NOT" with the original lender.
- In the Assets/Depreciation section elect to start/update the refi asset for the original loan.
- Work it thorough and on the screen 'Did you stop using this asset in 2020?" click YES.
- For the date of disposition, enter the closing date of the "FIRST" refi. Then continue.
- On the "Special Handling Required?" screen, click YES.
- Select the option to have the remaining fees to be deducted/transferred to rental expenses, then continue. The program will transfer the remaining amount to be deducted to the rental expense section as a Miscellaneous Expense.
Now do the same for the 1st ref, using the closing date of the 2nd refi as your disposition date.
