Yes, The closing cost that is tax deductible on your income tax is the origination fee or discounts reported on form 1098 Mortgage Interest Statement, if qualified. The prepaid real estate taxes and mortgage interests should be included on your 1098 Mortgage Interest Statement. To enter the deductible origination fees or discounts in Turbo Tax:
Refinanced what? Primary residence? 2nd home? Rental property? Something else?
It will also matter if you did a "cash out" on the refi. So specify if you only refi'd for the outstanding balance at the time of the refi, or if you took a cash out. It also matters if you refi'd with the same lender, or a different lender.
Yes, The closing cost that is tax deductible on your income tax is the origination fee or discounts reported on form 1098 Mortgage Interest Statement, if qualified. The prepaid real estate taxes and mortgage interests should be included on your 1098 Mortgage Interest Statement. To enter the deductible origination fees or discounts in Turbo Tax: