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Unamortized Loan Fee Write-Off
A real estate partnership refinanced a loan in 2019. The prior loan had an unamortized loan fee balance. I "sold" the asset, but the Federal Asset Entry Worksheet, under the Dispositions section is highlighting the box, "Asset Sales Price" as red. The entry is -0-, as it should be. What am I doing wrong? Or, what is the proper way to write-off unamortized loan fees? Thank you. Dan
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‎February 14, 2020
4:12 PM