Date: Sat, 06 Mar 2004 03:19:11 GMT
From: BobSmith32
Newsgroups: misc.invest.real-estate
Subject: Deducting all refinancing costs?

I paid cash for some rental houses a few months ago, and financed them
this week to cash out. I have a question about the tax deductibility
of the financing costs.

I've read that homeowners have some restrictions on the tax deductions
of their refinancing costs, but do those same restrictions apply to
investors and investment properties?

For example, can investors deduct (all at once, in year 1)  the entire
refinancing costs (the loan points, origination fees, appraisal fee,
processing fee, application fee, flood certification fee, etc, etc,
etc)?


Bob