- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I refinanced my rental property but the option to enter the refinance cost is not showing up
Topics:
June 6, 2019
4:42 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Refinance expenses/closing costs that are not deductible elsewhere on the return, can be entered as part of the cost of buying that property.
For example, if I buy a house for $100K and it costs me $102K
with my closing fees (appraisal, recording fees, inspection), my cost of
that property is really $102K, not $100K.
June 6, 2019
4:42 AM