I attempted to refinance a (CA) rental property in 8/2016. The refinance failed but I incurred a $700 appraisal fee and $150 condo cert fee. Is any of this deductible?

brian1651 — Sat, 01 Jun 2019 02:07:09 GMT

Yes, you can deduct the fees incurred to refinance your...

IsabellaG — Sat, 01 Jun 2019 02:07:10 GMT

Yes, you can deduct the fees incurred to refinance your rental property even though the loan didn't go through. If you had refinanced, those costs would be amortized over the life of the new loan, but since the loan didn’t go through, you would deduct them in the year you paid them.

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

topic I attempted to refinance a (CA) rental property in 8/2016. The refinance failed but I incurred a $700 appraisal fee and $150 condo cert fee. Is any of this deductible? in Investors & landlords

I attempted to refinance a (CA) rental property in 8/2016. The refinance failed but I incurred a $700 appraisal fee and $150 condo cert fee. Is any of this deductible?

Yes, you can deduct the fees incurred to refinance your...