kindracpa
Level 3

I have a individual who owns rental properties.  The refinancing expenses from his 2012 refinance are being amortized using an Asset Worksheet.  He has now he refinanced in 2021 so I need to expense the remaining expenses from 2012.  If I fill in the disposition date, meaning the new mortgage date, that does not do it.  When I fill in sales price as zero that works, but it then I get an error when I indicate that the amortization was due to section 461.  Any thoughts on what I am doing wrong?

 

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