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I refinanced my rental property and now I don't see where I can get the write off for all the expense like Appraisal fee etc. Where can I find it?

 
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AmandaR1
New Member

I refinanced my rental property and now I don't see where I can get the write off for all the expense like Appraisal fee etc. Where can I find it?

Points and expenses of refinancing are deducted over the life of the mortgage through amortization

To enter: select to Edit your rental property. When you come to the screen titled, Review Your rental property Rental Summary, click Start/Revisit/Update next to Assets/Depreciation and add your refinancing fees as an intangible asset. The method to amortize these expenses is "code section 163: Loan Fees." 

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1 Reply
AmandaR1
New Member

I refinanced my rental property and now I don't see where I can get the write off for all the expense like Appraisal fee etc. Where can I find it?

Points and expenses of refinancing are deducted over the life of the mortgage through amortization

To enter: select to Edit your rental property. When you come to the screen titled, Review Your rental property Rental Summary, click Start/Revisit/Update next to Assets/Depreciation and add your refinancing fees as an intangible asset. The method to amortize these expenses is "code section 163: Loan Fees." 

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