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9xtway
New Member

Why doesn't turbo tax guide me on the refinance of my rental?

 
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1 Reply
JotikaT2
Employee Tax Expert

Why doesn't turbo tax guide me on the refinance of my rental?

Rental properties have more leverage as to what you can deduct when you refinance.  A personal home is limited on the deduction allowed.  Therefore, you do not face the same limitations as you would if it was related to a personal residence.

 

Please see the following link for more guidance as to what you can expense when the refinance is related to your rental property.

 

Refinancing expenses for rental property

 

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