Where to I input the information if I refinanced a rental property?

[PatriciaV]

@jaiocrothers

No, if you didn't sell the rental property, you would not change any entries for that Rental Asset. 

Instead, report a new loan as a refinance when asked about that under the Mortgage Interest section of Rental Expenses.

Closing costs for a refinance are added to the cost basis for the property. You may report this total as another asset for amortization under Rental Real Estate Assets. Choose Rental Real Estate for the type of asset, then "Amortizable Intangible" on the page titled "Tell Us a Little More." (Mortgage refinance costs are listed in the examples for this type of asset.) The Code section is 163: Loan fees, refinance costs. The amortization period would be the term of the loan (default is 15 years).

Additional Information:

• IRS Pub 527 "Residential Rental Property"
• How do I handle capital improvements and depreciation for my rental?

[Jualbers]

Hopefully someone is still out there responding to questions. 
If I purchased carpeting for rental property several years ago and recently replaced all the flooring, do I removed the Asset created for the carpeting because new flooring has been installed? 

[mjpb52]

CARPET​: Carpets are typically depreciated over 5 years. This applies, however, only to carpets that are tacked down. If the carpet is glued down (perhaps in a basement) then it becomes “attached” to the property and must be depreciated over 27.5 years.   From Web;

Issue is as long as you are beyond the depreciated years than you don't have to recapture.

[Critter-3]

do I removed the Asset created for the carpeting because new flooring has been installed?   Yes ... all assets that are disposed of need to be removed from the asset lists ... if it was simply trashed then the selling price is zero.  

[Jualbers]

We installed LVP flooring. Same applies?