Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-07-2014, 07:35 PM
Junior Member
 
Join Date: Apr 2014
Posts: 1
Refinacing and old loan costs.

I financed a rental property this year. The old loan was a 30 year with 20 years left.

I understand I can write off the remaining cost of the points and other loan related fees I haven't amortized or depreciated from the old loan this year.

The question is should I include my old loans closing sheet with the figures to show were the extra write-off is coming from?

I'm not getting a 1098 for it like the ones my banks sent me for the loans yearly loan payments, the figure in Sch E won't add up to the two 1098's I have or on record for the year.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Life Insurance Proceeds / Company Loan / Deductibility of Loan not repaid dcp76 Miscellaneous 0 03-13-2014 10:04 AM
How do taxpayers deduct Formation Costs or Organization costs on the Tax Return? TaxGuru General 1 01-24-2013 03:22 AM
Start up costs mozart41 Sole-Proprietorship 1 02-18-2011 05:01 AM
Seller's closing costs RSVP Homeowner Tax 1 11-15-2010 11:11 AM
Education Costs Tax Credits Samatg General 0 02-13-2009 09:39 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning