Yes, you are correct. The amortization is entered as an asset and you select the information noted below.
- Sign into your TurboTax Account > Search (upper right) > Type rentals > Press enter > Click on the Jump to .... Link
- Edit beside the rental you want to work on > Scroll to Assets > Edit
- Select Yes to go directly to the asset summary >
- Add or Edit the asset for the loan refinance costs > Select Intangibles, Other Property > Continue
- Select Amortizable intangibles > Continue > Enter the details about your costs including the refinance date
- Continue > Select the Code Section 163 for loan fees > Enter the useful life (number of months of the loan)
- The final screen will show the deduction.
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