Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-01-2016, 12:34 PM
Junior Member
 
Join Date: Dec 2016
Posts: 1
Rental Refinance

I refinanced my rental property this year. I understand that I can amortize the refinance costs (appraisal, credit report and other costs) over the term of the loan, say 30 years and I will use Form 4562 "Part VI Amortization" with IRC Code 461 for this. But how do I carry the total amount from line 44 of 4562 to my 1040.

Do I enter this amount in Schedule E? If so, should it be added to existing amount in Line 18 (Depreciation expense or depletion)? or should I enter it in Line 19 (Other)?

Thanks in advance.



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



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
Refinance Tax Deductions? RobertMN Itemized Deductions 0 02-09-2014 10:17 PM
Are loan fees from refinance of primary home deductible? Hiltie Rental Real-Estate 1 02-17-2011 04:47 AM
Buying a business with home refinance dollars CoffeeNut Miscellaneous 0 01-10-2010 09:16 PM
refinance question cmoore Homeowner Tax 0 02-02-2009 10:10 PM
Points paid on refinance-Deductibility??? Adam Itemized Deductions 1 01-25-2007 11:25 AM

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
 
 
 

» Recent Tax Q&A
No Threads to Display.