Carl
Level 15

Investors & landlords

The amount refi'd for doesn't matter. If you'll just work it through the program and when you get to the screen that presents the option for "I refinanced this property in 2016", select it, press on and follow the prompts, answer the questions, and enter the data requested. Note that you will need the HUD-1 closing statement you were given at the refi closing. There is no "percentage" to write off of anything. Some things are amortized, some expenses are added to the cost-basis of the property, and some things are just flat out deducted. If you follow the program, it takes care of all the nitty gritty for you.