ThomasM125
Expert Alumni

Investors & landlords

All of the costs are deductible, but not necessarily in the year you refinance the property. The closing costs associated with obtaining the mortgage are entered in TurboTax as such and amortized over the life of the mortgage. 

 

Real estate taxes, mortgage interest/points and property insurance are deductible as expenses in the current year. Costs associated with buying the property such as title search and recording fees are depreciated the same as the property itself.

 

You can learn more here:

 

Deducting rental closing costs 

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