I had a prepayment penalty on the first property I bought and later refinanced. At the end of the year, my taxable interest statement reflected the prepayment penalty. In other words, the amount of interest listed on the form included the prepayment penalty. I claimed the entire amount on my schedule E
I had a prepayment penalty on the first property I bought and later refinanced. At the end of the year, my taxable interest statement reflected the prepayment penalty. In other words, the amount of interest listed on the form included the prepayment penalty. I claimed the entire amount on my schedule E