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Investors & landlords
Correct, normally these are either added to the basis or amortized over the life of a loan. However, there is an aspect of the appraisal fee that could be considered an ordinary and necessary 'expense' of doing business in this case. It seems a safer bet to handle it as usual and add it to the basis. Maybe someone else will chime in here on a $400 issue.
‎June 7, 2019
4:28 PM