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Can I deduct closing cost expenses for a refinance of a rental property if the closing costs were rolled into the new loan and not paid up front in cash?
I understand fees for refinancing a rental must be deducted over the life of the loan (amortized). The only fee I paid in cash to the lender was an appraisal fee. All other fees were added to the new loan. What closing costs do I amortize?
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‎January 6, 2022
4:30 PM