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Refinance fees from prior refinances
I refinanced my rental property in 2019 and again in 2020. I entered the new refinancing information but am having trouble figuring out under "Depreciation Section in Rentals" to "dispose of" the old refinance fees. (There is no option for "dispose of") Where exactly do you enter this information?
Then how do you calculate the unused portion of the old (2019) refinance fees and enter under "Other Expenses"?
Plus, I just realized when I refinanced in 2017, I never "dispose of" those old refinance fees in 2019. Oops, and not what?
Please help!!
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‎February 15, 2021
3:07 PM