Investors & landlords

Dispose of the "old financing costs" as if you quit using them and sold them for $0.

They should have been entered as an intangible asset and amortized over the life of the old loan. Now that that loan is gone, any unamortized loan costs can be written off. "Selling" them for $0. accomplishes this.

The new financing costs (points) are entered as a new intangible asset and, going forward, will be amortized over the life of the new loan.

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