jgcpa100
Level 1
07-30-2023
11:12 AM
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I have been amortizing mortgage costs of a refinance and in current year they refinanced again so I would like to write off the remainder of the mortgage costs still not amortized yet of the old loan.
Where would I indicate this? I tried to put a date of refinance in the date of disposition box but it is still just calculating regular amortization for the current year.
Any advice would be greatly appreciated.
Thanks.
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George4Tacks
Level 15
07-30-2023
02:34 PM
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You need to enter remaining balance as "Current depreciation/amortization (-1=none) [Override]"
Answers are easy. Questions are hard!