I refinanced a rental property 5 years ago with a 30 year loan. I have been deducting the costs of that refinance over a 30 year schedule. What happens to the remaining amount (25 years of costs) that have not yet been deducted if I refinance again now? Do I get to deduct all of the remaining costs of that original refinance this year, and then deduct the costs of the new refinance over a new schedule?
