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Updated about 11 years ago,
Can I deduct original loan costs when I refi?
I bought a rehab with a construction loan. The rehab period lasted 2.5 months and ended 10-8. I refinanced to a 30 year on 10-31. When I bought the property, the Origination Fee and Closing costs were added to the cost basis of the property. Is that correct - meaning they will be depreciated instead of amortized?