How do you clasify refi closing costs?

[Bob Stein]

Hi. If I refinance 1 property to buy another, are the refi costs expensed, capitalized with the original property, or capitalized with the new property? Thanks

[Ashish Acharya]

@Bob Stein , 

The debt issuance cost is not added to the basis of either property. They are deducted over the term of the debt. 

So the cost that you incurred will be on your books are Financing Cost and deducted ( amortized) over the term of the debt. 

Hope that helps.