Can I amortize/depreciate “junk fees” on a mortgage for a rental property?
I have purchased an investment property and I’d like to know if I can add those fees to the cost basis or amortize those fees over the loan duration.
Those are the following fees I paid for when financing the property:
– loan processing
– loan application
– underwriting fees
All those fees appear in the section 800 of the HUD but are non-standard fees.
I read IRS publication 527 but could not find any answer to this question.