PaulaM
Expert Alumni

Investors & landlords

Yes you can take a deduction for the remaining unamortized balance of your original refinance costs. These costs should be listed as an Intangible under your property asset section.

Dispose of the prior intangible asset in the asset section and indicate the date it was 'retired'. This should accelerate the remaining unamortized balance for this year.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post