RobertB4444
Expert Alumni

Get your taxes done using TurboTax

No.  Refinance costs on your primary residence are not deductible as expenses.  But they add to the basis of the property.

 

So, when you are converting your property to a rental then you can depreciate the basis of the property over 27.5 years.  And that basis can include those refinance costs.

 

@dreamWeaver99 

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