Home Interest Worksheet - Points on refinanced loan
If you refinanced your home mortgage and the points on the refinanced loan were being amortized with the original loan, a refinance should allow to still amortize the remaining points over the life of the new loan. TurboTax doesn't handle this situation, but the Help associated with this situation provides information to allow you to calculate this yourself and include it in your return.
What should I do if I'm affected?
The in product help has information instructing you to calculate the points:
TurboTax does not automatically limit your deductible interest and points, so you'll need to to manually calculate your deductible interest and points and enter it in the program. To calculate your deductible interest and points See IRS Publication 936, which explains these limits and the best way to go about calculating your deduction.
Additional Rules for Deducting Mortgage interest and points
Link to IRS Publication 936: http://www.irs.gov/pub/irs-pdf/p936.pdf