Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Sign In
  • Elevate 2026 Pencil Banner
    cancel
    Showing results for 
    Search instead for 
    Did you mean: 

    Do we continue amortizing refinance point when home convert to rental property

    hgtc
    Level 7

    Clients' home refinancing point is not fully amortized yet.  they convert this principal home to rental property in 2020.  Do we continue amortizing the unused points in Sch E?

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    1 Best Answer

    Accepted Solutions
    sjrcpa
    Level 15

    Yes


    The more I know the more I don’t know.

    View solution in original post

    1 Comment 1
    sjrcpa
    Level 15

    Yes


    The more I know the more I don’t know.