How do is refinanced closing fees treated on rental property (condo)

[barbgreenx]

Hello everyone

I have a client that has rental property that she rents out. The property was refinanced last year

Not sure how to treat the closing cost on her settlement statement. My research tell to Amortize it

over the period of the loan. If that is true ProSeries is asking for a IRC code. Where do I find the code?

Please help and Thank you in Advance.

Barbara G.

[Just-Lisa-Now-]

When your cursor is in the box for the code, hit the yellow exclamation point button n the toolbar, and open the Help window, you'll find a link to the list of amort codes in there.