syed_b_huq
Returning Member

Investors & landlords

I think I have found the issue. BTW, this is not an online version. I am using the Turbo Tax Premier CD version.

# - Rental Property #1 was re-financed and I was 100% owner, so Turbo Tax allowed me with a prompt to enter all closing cost.

# - Rental Property #2 was re-financed and I was 50% owner and Turbo Tax DOES NOT allow with any prompt to enter all closing cost.

 

I am not sure if this is a Turbo Tax issue that for a partial ownership of a Rental Property, you cannot enter re-finance closing cost OR is this a Tax Rule that does not allow you to claim closing cost of a re-fi for a property that you do not own 100% (which Turbo Tax is following).

 

I did not pay points.