Where on Schedule E do you put costs paid (points, fees, etc.) to refinance a rental property?
Expenses you pay to obtain a mortgage on your rental property cannot be deducted as interest. These expenses, which include mortgage commissions, abstract fees, and recording fees, are capital expenses. You can amortize them over the life of the mortgage on line 18 of Form 1040, SCHEDULE E, Supplemental Income and Loss.
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