Are loan fees from refinance of primary home deductible?
I purchased my first rental property in 2010. It was done with 2 sources of funding. One was a commercial loan directly against the rental property. The second was from a refinance of my primary home loan and I used the remaining equity to purchase the rental. My question is: is there a way that I can deduct a portion of the applicable fees from the primary home refinace? For example, if it cost $1000 for the title insurance, $100k was used for the primary home and $50k was used to purchase the rental, can I deduct $333. Makes sense to me that I can but I'm not sure about the rules. Any help would be appreciated!