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Pd LLC fee for rental but could not use it currently

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    #1

    Pd LLC fee for rental but could not use it currently

    I know, the TP should have done his research first. Mortgage Co. will not allow TP to place property into LLC. TP is looking into refinancing with another lender that will allow Rental property to be in LLC. So, TP paid for his LLC in 2011 for the sole purpose to place his rental in. Could it be included in the cost basis of the property, legal fees deduction or NO deduction allowed?
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