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H
hgtc
Level 5
April 8, 2021
Solved

Do we continue amortizing refinance point when home convert to rental property

  • April 8, 2021
  • 1 reply
  • 6 views

Clients' home refinancing point is not fully amortized yet.  they convert this principal home to rental property in 2020.  Do we continue amortizing the unused points in Sch E?

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Best answer by sjrcpa

Yes

1 reply

sjrcpa
sjrcpaAnswer
Level 15
April 8, 2021

Yes

The more I know the more I don’t know.
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