I have had a rental property in my profile for a few years. There was a form in the initial income workflow that asked me whether I refinanced my mortgage and where I entered the breakdown of the refinancing costs. The input was transferred to a "2021 Refinancing Fees". The numbers don't look right, however, and I would like to review the form. How do I get back to it?
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Yes, you can review and edit your answers regarding refinancing a loan from the Rental Property Summary page. Go to Assets/Depreciation and Edit the mortgage refinance fees you set up as a Rental Asset.
This is not exactly what I'm looking for. The rental asset edit menu has a single "Cost" field that I can edit, but this cost was (apparently) computed from a dialog where I entered a breakdown of my closing costs. However, the number doesn't look right and I'm not sure how it was computed, so I would like to revisit that dialog.
Please clarify if you entered the refinance fees this year or if the asset was carried over from a prior year.
It was for this year.
You might check your entries under Federal >> Deductions & Credits >> Mortgage Interest and Refinancing. This section includes several questions regarding the refinance of a loan.
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