TaxGuyBill
Level 15
yesterday
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@kindracpa wrote:
Thank you! I was thinking about fees that were not deductible at the time of the initial purchase that can be added to the basis of the property.
I agree that might work at the initial purchase, but when you said "refinance", doesn't that mean altering the loan AFTER the purchase? Costs after the purchase would be amortized, not added to Basis.