There used to be a questionnaire that walked you through entering rental property (schedule E) mortgage costs, where did it go? How do I enter them? Originate fees etc.

[ColeenD3]

It is still there. Mortgage interest has its own separate category apart from other expenses.

[Carl]

Origination fees are a different "type" of asset than other things such as the property itself. For the most part, origination fees, which usually include points (pre-paid interest) are amortized (not capitalized) and deducted (not depreciated) over the life of the loan. They are more accurately referred to as "intangible assets".

Enter them in the assets/depreciation section and select "Intangibles/Other Property". Then select "Amortizable Intangible" and work it through from there. When asked for the code section, it's 163:Financing Fees.

[johnnyusma08]

So I found this when I click on mortgage interest, this used to be contained when you first enter a property, now it is in a different section, but fine I filled it out expected that this would create a amortizable asset....it did not.  See the 2nd screenshot, there is just the line item for the property itself, but not the mortgage costs. What is this questionnaire doing if not creating an asset?

I expected to see the amortizable mortgage fees here, and I don't

[Carl]

This is why I informed you above, how to enter your amortizable assets into the program.