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That's for Sch A. On Sch E, everything is either currently deductible or amortized. These cost may have to be set op to be amortized in 2023 then written off completely when the loan is refinanced in 2024.

I looked around on my lunch break for some guidance and did not find any either, but it was not an extensive search. If it was not part of the larger financing plan going in, I would not have a problem amortizing over 12 months, but something is tickling the back of my brain that it needs to go to the basis of the property, and I don't know why I keep leaning that way. Like it is part of the construction costs. I just can't put my finger on the rule that is leading my thoughts that way. Tom Longview, TX

Agree, but my question is: Are the other costs capitalized for 1 year? Or are they part of the larger financing package and added to the closing costs of the permanent loan? Or are they an addition to basis and capitalized over the life of the asset? Tom Longview, TX

The problem lies in trying to calm myself down. The client paid electronic estimates. The client thinks that I have a magic want. The one and only time I finally did reach a person; they wouldn't talk to me.

Lee B Thanks for the link to Iowa State Center https://www.calt.iastate.edu/ I agree with Max W comments and I am saving the reference for next tax season.

I did my two businesses - took about 15 minutes total. I'm not handling it for clients - it's their responsibility as it isn't a tax issue. I have 1 client I will remind this fall but I'm not doing the work. Everything I've read says it's a legal issue with the federal government (entity type issue) and not my problem.

I think they are trying to increase their profits by forcing users off Win 10.

Check out the Iowa State Center for Agricultural Law and Taxation https://www.calt.iastate.edu/

Yesterday afternoon I sent an email. No issues. About 5PM I got an email. At 7PM or so, I went to look at email and I got an error message and nothing would send or receive. Looked at my server imap & smtp settings and they were changed from mail.att.net to mail.yahoo.com. This happened about a year ago and I was able to change it back to mail.att.net and it worked fine. This time, it is not working when I changed the server settings back to att.net. Any suggestions? I really don't want to call AT&T support. I think I am going to have to. Tom Longview, TX