Ethical Resources For Ethical Small Business Owners
Saturday May 19th 2012

Closing Costs?

What is the proper tax & GAAP treatment for legal & documentation fees on a refinanced mortgage?
Expense?
Amortize over life of loan?
Treat it as Commercial property?

StumbleUpon It!
Post Published: 20 July 2009
Author: ethX
Found in section: Commercial Real Estate Financing Questions

Tags: , , ,

Previous Topic:
Next Topic:

Reader Feedback

2 Responses to “Closing Costs?”

  1. Harry says:
    July 20, 2009 at 10:59 am

    (Not a financial or Legal advise)

    IMO Expense

    If you refinance you will incur them all over. So makes no sense to amortize it over the loan

  2. Tanya E says:
    July 20, 2009 at 10:59 am

    If it’s on personal residence – neither.
    Points are amortized, not closing costs.

Leave a Reply