Stockmoose16
Returning Member

Investment property closed before first payment

I purchased an investment property that closed on 12/31/20, but the first payment wasn't due until 2/1/21.  I paid a number of closing costs, including points, insurance up-front, appraisal.

 

How do I deduct these fees on my 2020 taxes if the loan didn't start until 2021?

 

Also, I have TT Deluxe Mac Version, I see no way of entering investment property details.


Can anyone help?