Rental Property Sale and Amortized Points

[KevynM]

I've been amortizing mortgage points on a refi for a single family dwelling that has always been a rental.  I've used TurboTax since house was purchased.  I initially identified the points as "Type L - Intangible" - which MAY (?) have been incorrect.  I sold the rental in 2019.   This item was linked to the rental house since inception.  Now that I'm disposing, TTax wants me to UNLINK it from the "home sale."   

How should I have initially identified this "type of asset?"   And, how do I ensure that the remaining "point costs that have NOT yet been amortized" get expensed as part of the disposition of the rental?

[KarenM90]

Yes, you can expense the unamortized points, by disposing of the Asset as Sold at -0-.

From the asset summary page for your rental [click edit beside the asset entry] 

Continue through several screens to "Tell us About this Rental Asset"

Choose that it was sold and the date

Continue through several more screens to "Special Handling Required"

Click the  "YES" "Intangible asset, not a 1245 property" when asked the reason.

When asked, select Transfer these fees for me to other Expenses

[KevynM]

Thank you - looks like this worked.