Where do I enter the costs of securing a loan for purchasing a rental house so they can be depreciated

[2madrigal5]

IN Pub 551 and other places it says: The following items are some settlement fees and closing costs you can't include in the basis of the property. 1. Casualty insurance premiums. 2. Rent for occupancy of the property before closing. 3. Charges for utilities or other services related to occupancy of the property before closing. 4. Charges connected with getting a loan. The following are examples of these charges. a. Points (discount points, loan origination fees). b. Mortgage insurance premiums. c. Loan assumption fees. d. Cost of a credit report. e. Fees for an appraisal required by a lender. 5. Fees for refinancing a mortgage. If these costs relate to business property, items (1) through (3) are deductible as business expenses. Items (4) and (5) must be capitalized as costs of getting a loan and can be deducted over the period of the loan.

Where do I enter, in TurboTax, the costs of getting a loan to be capitalized?

[Anita01]

You can enter them as an asset, choosing Other as the type.  You;ll then choose intangibles with a life equal to the life of the mortgage.  You cannot begin depreciating or amortizing assets until the property is available for rent.  In the rental property interview, when you are asked if you have assets too depreciate, say Yes.  

Enter rental property in the Find window, hit enter, then the Jump To.

[Vic_R]

@Anita01 Hi, I have also read that in Pub 527 (Under cost basis, Chapter 2, page 7) and Pub 946 under settlement costs.  HOWEVER, I'm reading what appears to be a contradiction, also in Pub 527 and several articles: Pub 527 also says "Expenses paid to obtain a mortgage. Certain expenses you pay to obtain a mortgage on your rental property can’t be deducted as interest. These expenses, which include mortgage commissions, abstract fees, and recording fees, are capital expenses that are part of your basis in the property." (Ref Chapter 1, Rental Expenses, pg 3).

If that wasn't confusing enough, when I google this I find articles like this: https://homeguides.sfgate.com/can-amortize-rental-property-77587.html

"When you first buy a rental property, your loan and acquisition costs get added into the cost basis and cannot be amortized, although they do get added to your basis for depreciation. However, when you refinance your rental property's loan, the IRS treats that as a new expenditure, just like an improvement..."

Which is it: Who do I believe??