Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

refinanced commercial property closing costs

Highlighted
Level 3

When a commercial property is refinanced are the settlement fees deducted over the life of the loan or over 39 years nonresidential property.

Thank you

Labels (1)
0 Cheers
2 Replies 2
Highlighted
Level 15

Life of loan. 

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
Highlighted
Level 3

Thank you  As a follow up, that would mean that closing fees for residential rental are life of the loan as well, and we don't use 27.5 or 39 for closing fees?  Office in home though I heard you use 39 years because the home office is non residential business property.

 

0 Cheers