Posted by Frank Chin on March 07, 2004 at 04:47:42:
It has no affect on the depreciation of the building.
But you have to do this:
1- Capitalize, and amortize the closing costs of this loan.
2- Writeoff the balance of the original closing costs.
Rental Depreciation and Refinance - Posted by Ed
Posted by Ed on March 06, 2004 at 21:20:03:
We have been depreciating a rental for a few years. 2003 we refinanced, pulled money out and now have a bigger loan. Does this affect our depreciation? Does this change our basis?