Deducting my $800 appraisal fee (X2) as an expense for the year

[Andrey Y.]

I was just doing my taxes and I realized I had paid for two appraisals ($800 a pop) for two refi's in 2019. Of note, I paid them with a credit card and they didn't appear on the settlement statement at the end.

If I can deduct this as a rental expense, where (what line item) in my taxes should I do so?

Thanks and have a great one and stay safe!

[Allan Smith]

The tax owed going up is very odd. It might be time for a real estate cpa to do your taxes. Only maybe $200 more and they have a lot more knowledge and save you the time of where does appraisal exp go.