I paid off my rental property mortgage last year - is that considered a refinance? where can i deduct transaction fees and recording fees?

posted

Connect with an expert

1 Best answer

Accepted Solutions

I paid off my rental property mortgage last year - is that considered a refinance? where can i deduct transaction fees and recording fees?

The transaction fees and recording fees can be deducted on your rental activity. It is a refinance only if you took out another loan to pay off the first mortgage. If you have a refinanced loan for your rental house use the information here to assist.

What can I deduct when refinancing rental property?

View solution in original post

1 Reply

I paid off my rental property mortgage last year - is that considered a refinance? where can i deduct transaction fees and recording fees?

The transaction fees and recording fees can be deducted on your rental activity. It is a refinance only if you took out another loan to pay off the first mortgage. If you have a refinanced loan for your rental house use the information here to assist.

What can I deduct when refinancing rental property?

Still have questions?