Hello turbotax community,
I refinanced my rental property in 2019, and Turbo Tax created a "Refinancing fees" asset that amortizes in 30 years. That's fine.
But I have a previous similar "asset", from a previous refinancing that I did few years ago. What should I do with it? Continue amortizing it for the remaining 25 (out of 30 total) years? Or "dispose" the asset, since I no-longer have it? That mortgage was fully paid off by the new one.
Thank you!
your ghettodawg
