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.
You need to enter remaining balance as "Current depreciation/amortization (-1=none) [Override]"
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.