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Investors & landlords
You can add the refinance expenses to the basis of the property. That is how investment expenses are deducted, as an increase to the cost (basis) of the investment, so you can't deduct them until you sell the property, as a reduction on the gain from sale.
Any expense that is necessary and ordinary for the maintenance of the investment is deductible as an increase to the basis, so you can deduct the travel expenses.
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‎April 16, 2021
12:11 PM