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Amortization code


michaelmars

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>>They are not added to basis on a refi, they are amortized over the life of the mortgage,<<

Says who? Maybe the reason you can't find a code section is because there isn't any. Maybe they must be capitalized, like other intangibles. But adding them to basis does NOT make intangibles depreciable property. Even assuming a business purpose for the new loan, maybe intangibles are just going to sit there on the balance sheet until the company is sold.

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