How do I expense or handle the remaining amortization of loan fees (points) on a rental property (Schedule E) in the year of sale?
Especially when it was entered in an asset entry worksheet to amortize - (as an amortizable intangible)
Thanks
Best Answer Click here
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I put something like
"Remaining loan fees at loan payoff"
on one of the other expense lines.
Where on the asset entry work sheet ? when it was entered in an asset entry worksheet to amortize - (as an amortizable intangible)
thank you. Will try tomorrow
Change the life of the asset to one.
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