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pmoll_us
New Member

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 Reply
MarilynG
Expert Alumni

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?

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

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