chiefkf8239 chiefkf8239
  • 16-11-2017
  • Business
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How are the discount "points" associated with financing an income property handled for tax purposes?

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W0lf93
W0lf93 W0lf93
  • 25-11-2017
All the costs that are part of financing the property are amortized over the life of the loan. Any costs that are still remaining if and when the loan is paid off can be fully deductible for the year that the loan balance reaches zero.
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