Amortizable Closing Costs
When you take out a mortgage, the IRS lets you write off your interest, but you will have to amortize your closing costs over the life of the loan. Closing costs like prepaid interest, loan origination fees and even "junk" charges like appraisal fees or documentation fees all get divided over the life of your loan. If you took out a 25-year amortization loan with a 10-year term and you spent $16,000 to do it, you would divide the $16,000 by 10 to find your yearly amortization allowance. You can then write off $1,600 per year during the life of your loan
here's a link to a discussion
https://ttlc.intuit.com/community/credits-and-deductions/help/what-can-i-deduct-when-refinancing-ren...
many threads use "deductible". what they don't clarify is whether they are immediately deductible or deductible over a specific period.
