[edited 2/1/16]
It goes in the same area as your regular mortgage interest. When you enter the new mortgage interest, the software will ask you questions about the new loan and you will be able to select that it was a refinance.
-
Federal Taxes tab (Personal in the Home and Business Version)
- Deductions and Credits
- Select Continue or I'll Choose What I Work (if they show up)
- Your Home
-
Mortgage Interest and Refinancing (select Add a Lender if you have already entered one)
Another way to get to that area is, while inside the software and working
on your return, type refinance mortgage in the Search at the
top of the screen (you may see a magnifying glass there). There will be a
popup that says Jump to refinance mortgage. Select that
to get to the general area.
You can deduct any interest or real estate taxes on your Settlement Statement that are not already included on your Form 1098.
Also, you can deduct qualified points paid on a mortgage, but they have to be spread out over the term of the loan. The software will prompt you to select that. (Points can also be called loan origination
fees, maximum loan charges, discount points, or loan discount.)
What kinds of refinancing costs can I deduct?
https://ttlc.intuit.com/replies/3300426
Even if it's not on your Form 1098, it can still be claimed on your tax
return. These are, typically, the only items that can be deducted on
a refinance for a primary residence. Any interest paid should already be
reported on Form 1098, unless the loan was immediately sold.
