Thanks @Carl! I understand what you're saying and I understand that I would only deduct on the SCH E that percentage of mortgage interest that is equal to the percentage of the amount refinanced. In my case, that is 54%. What I'm wondering is, how do I do enter that in TurboTax? Do I only enter 54% of the number shown on my 1098? Or is there some other place where I say, hey TurboTax, please deduct only 54%?
