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I started a refinance on my rental property in 2016 but didn't close until 2017. Can I deduct the appraisal fee I paid in 2016 now? (for the 2016 taxes)

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Best answer by PaulaM

Yes. Deduct as a common business expense for your rental in the year that the appraisal fees were paid (2016).

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Employee

Yes. Deduct as a common business expense for your rental in the year that the appraisal fees were paid (2016).

See link and attachment

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