grandmabee Posted March 11, 2009 Report Share Posted March 11, 2009 Points on a rental house was deducting over life of loan now they have refinanced to put on new roof and window. So want to take balance of pts left and start with the new pts. was showing under asset and life of loan but only way I can find to write the balance it shows up on 4797. I wanted to put on E. Do I have on wrong form or should I just override Quote Link to comment Share on other sites More sharing options...
RoyDaleOne Posted March 12, 2009 Report Share Posted March 12, 2009 The remaining unamortized points are written off by entering such remaining balance on Schedule E as another deduction. I mark the asset as a disposal with no gain or loss. Quote Link to comment Share on other sites More sharing options...
grandmabee Posted March 12, 2009 Author Report Share Posted March 12, 2009 The remaining unamortized points are written off by entering such remaining balance on Schedule E as another deduction. I mark the asset as a disposal with no gain or loss. that's what I did I had to override to do it. Quote Link to comment Share on other sites More sharing options...
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