|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
http://boards.fool.com/what-items-if-any-are-deductible-in-conjunction-19824485.aspx
|
||
| Subject: Re: Rental Property Refinance | Date: 11/7/2003 6:46 PM | |
| Author: ptheland | Number: 67456 of 118626 | |
|
What items, if any, are deductible in conjunction with the refinance? Immediately deductible? Nothing, other than the interest that is prorated on the two loans. OK - any property taxes that might be paid through the closing process would be deductible also. Pretty much everything else must be amortized over the life of the loan. And a bonus caveat: If you get cash out of the refinance, all of your interest expense on the loan might not be deductible. It will depend on how the proceeds are used. --Peter |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||