If I sold a rental and had refinance points I was amortizing as an intangible in the asset area. How do I deduct the balance of the points? - you cannot "sell it."

[Ashby · Accepted solution]

Mark you sold and then the date paid off in the drop down screen.

continue through several more screens to "Special Handling Required"

Click the  "YES" "Intangible asset not a 1245 property" is the reason.

then "Depreciation Deduction Amount"

then select  "Transfer these fees for me to other Expenses"

The loan was paid off  .

[godinv]

I am trying to do this for an LLC and the above response is not applicable. There is no section that says Special Handling Required.  How do I write off the remaining points for a Form 1065 partnership.  Thank you