Loan Fees (as opposed to property fees):
You will use only the refinanced loan that began in 2012 and all loan fees prior to the rental would be personal expense. Beginning in July, 2023 you would amortize the remainder of the loan fees for the remainder of years/months of the loan.
- 2012 + 30 years = 2042 (May)
- 2022-2012 = 10 years (120 months) and 6 months are done at the point rental
- 19.5 years remaining on the loan taken out in 2012 or 234 months. Enter 19.5 years in the asset for loan fees or 19 if that's easier. Feel free to check the math.
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