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Investors & landlords
The issue is not about if it is deductible or not. Turbo Tax asks you "Did you refinance this property" and if you answer YES, you are allowed to plug all refinance cost. BUT, it will only ask for the 1st property. I have refinanced multiple properties and it does not prompt me for the 2nd property.
Why does it not prompt me with the Refinance question for the 2nd property ?
March 2, 2022
4:17 PM