My understanding is the Filing Fees, Loan Charges, Title Insurance, Commitment fee, closing fee, title fee, survey fee, and appraisal fees for my commercial loan are all amortized over the life of the loan.
I can calculate that, but as of now I'm just taking the prorated portion (Total amount / number months of loan * number of months in 2018) and docking it as an expense.
However, when I read other people's posts, it seems like they are doing that as part of turbotax, where it actually tracks it for you... Are they putting it in as depreciation, or is there something I'm missing where you can put this?
Thanks!
