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Investors & landlords
In the assets/depreciation section. Select "Intangible Assets/Other and work it through. The life is the length of the loan - 15 or 30 years typically. Code section you'll select is 163:Financing Fees.
This will make those fees amortized (not capitalized) and deducted (not depreciated) over the life of the loan, as they should be.
March 14, 2021
2:56 PM