Cash out: We have $125,000 in cash out. We are building a carport (10,000), a garage (30,000), bathroom remodel (20,000) and paying off debt. How is that entered?

The cost of improvements to your personal residence are not reported on your tax return.  They are added to the basis of the home when it is sold.

The cash out from a refinance is not reported on a tax return.

If your are itemizing deductions, you cannot deduct mortgage interest on the portion of the mortgage that you used to pay off debt. When you tell TurboTax that the mortgage was refinanced and you took money out for something other than your home, it will ask you questions to calculate the amount you can deduct.

until you do those improvements the amount is personal interest.