Not sure why the original 2018 refi automatically entered the remaining amortization in 'misc' and the 2020 February refi didn't yet I manually added it.
That's right. You should have two entires for financing fees in MISC. (Or one entry that is the total of both maybe?)
Whatever remains of your financing fees to be amortized/deducted in the tax year you refinance the loan, is fully deductible in the tax year you refinance that loan.
- The remaining fees to be deducted of both the 2018 refi, and the *first* 2020 refi are fully deductible on your 2020 tax return.
As fpr state taxes (especially CA) I can't speak for those, since my state doesn't tax personal income and I've never even filed a state return for any state. If I were to make a wild guess, thing's will probably "straighten out" on the state return, once you have actually completed the state return. You don't even start the state return, until you've completed the Fed return.
A lot of data from the Fed return is automatically carried over to the state. So while you're in the process of completing the federal return, what that number for your state return says, is absolutely worthless and meaningless to you.
