What is IRC section under which amortize the cost of intangible loan fees for rental property? Other software, just enter, amortization, 30 year, asset entry worksheet is stuck on the the code. I did search help on this form and all it came back is code 197
If you put the cursor in the IRC box on the asset entry worksheet and hit the yellow ? on the toolbar, it will give you a list of amortization codes.
You also need to scroll down the asset entry worksheet near the bottom and enter the length of the loan for it to compute.