Tax Guru-Ker$tetter Letter
Sunday, April 17, 2005
Amortizing Loan Costs
Q:
Kerry,Thanks for the information in url http://www.taxguru.org/re/loanorigincosts.htm. I am glad i found the link. I have one question. I was filling out Section IV in form 4562. I am not able to find the proper Code Section (Column d) to use for the 'Loan expenses' for my rental property. I am not sure if i should use 195. Any help would be much appreciated.Thanks
A:
I have always used Section 461, and IRS has never complained.
Kerry Kerstetter