I encountered the same problem when filing my 2021 taxes. After entering the mortgage interest paid on my rental property, the software asked if I had refinanced the loan. I entered the requested information from my HUD-1 statement. TurboTax did not automatically create an asset to amortize the expenses. I had to do that manually. This seems to be a problem that's been outstanding for several years. Anyone entering their refinance expanses in the "refinance wizard" without manually creating an asset to amortize may be leaving money on the table.
