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Investors & landlords
Thank you, @Cynthiad66 !
What about the the cost of getting the mortgage, such as discount points, lender processing fees, appraisals, credit report? Some people say they should be deducted in an amortized way for the life of the loan and some says they are not deductible. In TurboTax there is a section to deduct these cost for "refinance" but I am not sure about the original mortgage; it is kind of odd that the cost of "refinance" is deductible but not the cost of obtaining the "original mortgage".
March 14, 2022
7:22 AM