- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Yes. The costs for obtaining a refinanced loan become an individual asset for your rental activity, because it's a different year and they must begin depreciation/amortization in the year they occurred.
Also, if you should refinance again, these expenses remaining from the first refinanced loan, that have not been fully amortized, will be deductible in that year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 5, 2021
8:13 AM