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I refinanced my home, what can I deduct?

SOLVEDby TurboTax983Updated December 13, 2023

You may be able to deduct:

You'll receive two 1098 forms, one from your original loan and one from your refinance. Follow these instructions to enter the combined amounts in TurboTax.

If your mortgage was transferred from one company to another, you'll also receive two 1098 forms. This is pretty common and isn't considered refinancing. You're still paying off your original mortgage, even if it's now held by a different company. If you didn't get a new loan, then you haven't refinanced.

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