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    jjk0423's Avatar
    jjk0423 Posts: 1, Reputation: 1
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    #1

    Jun 16, 2009, 10:17 AM
    Deducting real estate appraisal fees?
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jun 16, 2009, 01:27 PM
    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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