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Investors & landlords
Appreciate your response. However, now not sure if I should be adding the two refi's for 2020 each as a separate depreciation (including all the closing costs for the refi, as half rental property) or add to basis of home (not sure how to do that in turbotax).
Also, the first refi in February 2020 is also closed out in 2020 due to the second refi in September 2020. So close them out or continue to amortize over life of loan (although appears from earlier answer to close them out, but not sure how to figure amount as not sure if turbotax will do the 2020 depreciation separately so should subtract that from final number)?
Better for me to call and speak to a turbotax person on this?
March 26, 2021
4:21 PM