My case:
- Bought a condo in 2016 as my primary with lender A.
- Refinanced with lender B in 2020.
- Started renting it out on 09/15/2022 (moved to a new condo).
Question: How to treat the cost of the original mortgage and the refinance?
- Should both mortgage costs (title-related costs, attorney fees for each time, origination charges/application fees, recording fee, etc, all happened twice) be added together when it comes to the cost base?
- If not, which one is to be treated as amortized, and how treat the other one? Expense vs amortized?
- How to do in Turbotax? See nowhere to enter refinance cost.
Thanks
