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I refinanced my rental property in <1 year of purchasing it. How do i deduct my original mortgage costs entirely in this year?
TurboTax suggests added the Purchase Mortgage costs as Depreciation section->Amortizable Intangible, but if I add Useful Life as 27.5 years (Property life), it will amortize over 27 years, not give me entire deduction in this year.
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March 7, 2020
2:44 PM