I have sold a rental property in 2015 and I had to pay mortgage prepayment charges. Can I deduct these as expense, just like interest paid on mortgage?
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1 Best answer
TurboTaxMonica
Level 1
Oct 29, 2019 11:07:44 PM
It is not considered as interest. However, you can deduct it as outlays/expenses of your sale on Schedule 3.
1 Replies
TurboTaxMonica
Level 1
Oct 29, 2019 11:07:44 PM
It is not considered as interest. However, you can deduct it as outlays/expenses of your sale on Schedule 3.