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Buying and selling a rental property - which expense to add to cost base
Dear Experts:
On HUD-1, can the following be added to the cost base of the home?
Purchasing:
Line 104 Reimbursement for condo docs
Line 105 Conveyancing fee
Line 1304 Capital Contribution to the Condo Assn at the time of moving in (I assume that this was for community repair and renovation)
Thanks
Selling:
Sewer pipe inspection fee - required for selling the condo
‎February 14, 2023
5:33 PM