ReFi of Rental



My client refinanced his rental twice during 2006. I'm
thinking that all of the points from the first refi can be
written off in 2006. Unsure how to handle other associated
costs such as appraisal, documentation stamps application
fees. I'm thinking all of those connected with the first
refi can be expensed and those associated with the second
refi would increase basis. Any opinions? Thanks
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