Real estate appraisal fees to obtain a new loan secured by the property. Will the appraisal fees get amortized over the life of the loan?
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Real estate appraisal fees to obtain a new loan secured by the property. Will the appraisal fees get amortized over the life of the loan?
Yes, but ONLY IF the property is a rental or commercial investment property.
If it is a personal home, then the appraisal fees are NOT deductible, either as an immediate expense or as an amortized expense.
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