LSTAX
Level 4
06-17-2020
08:37 PM
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When a commercial property is refinanced are the settlement fees deducted over the life of the loan or over 39 years nonresidential property.
Thank you
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abctax55
Level 15
06-17-2020
11:39 PM
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Life of loan.
HumanKind... Be Both
LSTAX
Level 4
06-18-2020
11:49 AM
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Thank you As a follow up, that would mean that closing fees for residential rental are life of the loan as well, and we don't use 27.5 or 39 for closing fees? Office in home though I heard you use 39 years because the home office is non residential business property.
