Carl
Level 15

Deductions & credits

What specific items are you referring to when you say "Do not include amortized assets in that total.

Financing fees, and/or refinancing fees.

Capitalized assets are those depreciated over time. Amortize assets are usually intangibles (like financing fees) that get deducted over time, not depreciated.

Amortized costs are clearly identified on the 4562 that prints in landscape format titled "Depreciation & Amortization Report", as indicated in the image below for one of my properties.

amortized.png