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Updated over 5 years ago,
Can I deduct wire fee when paying off loan on rental property?
I know if I refinance a loan on a rental property, the costs associated with the loan are amortized over the life of the loan. If I pay a loan off completely, can I deduct the wire fee? What about other fees charged by the lender, such as recording fee? I'm guessing yes, I can deduct these, but where? Just add up and list as "Loan Payoff Fees" under Other Expenses on Sched E? Seems like a dumb question after typing it out, but would welcome confirmation.