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Refinancing fees for a rental property are evenly deducted over the life of the loan. To do this in TurboTax:
Only put in the fees that are applicable to the rental portion of the property. If you only rent half the space, only enter half the expenses.
When working through the rental expenses section, after you enter your expenses you are asked for mortgage interest. After you enter the mortgage interest from your 1098, and any other interest paid that was not included on the 1098, you are presented with a screen that asks "did you refinance?". Select YES, then click Continue. The program will prompt you for your refi information.
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