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Deductions & credits
I don't think this answers question as this is regarding a lending credit. Do you have to account for the lending credit in the closing costs? Say the total closing costs on a refinance are $4000, but the lender gives you a credit of $3500 to help cover the costs. Can you ammortize the full $4000 or only the $500 difference.
‎June 6, 2019
3:14 AM