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Level 1
June 3, 2019
Question

I refinanced the mortgage for a rental property. If I report the refinancing fees as a rental asset cost, do I need to deduct all Lender Credits from the loan costs?

  • June 3, 2019
  • 1 reply
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1 reply

MarilynG
Level 15
June 3, 2019

Yes, deduct lender credits so that the Refinance Asset amount you add in the Rental area reflects your actual costs.

Here's more info:

https://ttlc.intuit.com/replies/3301761

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