I refinanced the mortgage for a rental property. If I report the refinancing fees as a rental asset cost, do I need to deduct all Lender Credits from the loan costs?

pmoll_us · ‎June 3, 2019

MarilynG · ‎June 3, 2019

Yes, deduct lender credits so that the Refinance Asset amount you add in the Rental area reflects your actual costs.

Here's more info:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"