Thanks Carl. These are great answers and very helpful. The amortized points I had amortized from my previous or original loan were closed and I did see them added under a miscellaneous expense as a "unrealized refinancing fee." Perfect! However, I am still uncertain about where Turbo Tax is entering the new closing cost fees for my refinance. The program asked if I refinanced and I entered all the costs in the appropriate areas, but I do not see a new asset/depreciation started. You explained how I can manually add that in under a new asset/depreciation, but I then worry that the software will enter one in later and now it records two new assets (my refinancing fees) to amortize. Any advice on what I should do? Thanks!
