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posted Jun 3, 2019 1:24:44 PM

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?

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1 Replies
Expert Alumni
Jun 3, 2019 1:24:45 PM

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

Here's more info:

https://ttlc.intuit.com/replies/3301761