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L
lilabeckford
June 6, 2019
Question

I refinanced my rental property but the option to enter the refinance cost is not showing up

  • June 6, 2019
  • 1 reply
  • 0 views
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1 reply

P
PatriciaR
Employee
June 6, 2019
Refinance expenses/closing costs that are not deductible elsewhere on the return, can be entered as part of the cost of buying that property.

For example, if I buy a house for $100K and it costs me $102K with my closing fees (appraisal, recording fees, inspection), my cost of that property is really $102K, not $100K. 




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