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Investors & landlords
Yes, you can deduct the fees incurred to refinance your rental property even though the loan didn't go through. If you had refinanced, those costs would be amortized over the life of the new loan, but since the loan didn’t go through, you would deduct them in the year you paid them.
https://ttlc.intuit.com/replies/3301761
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May 31, 2019
7:07 PM