Thanks for your reply.
Not everything is paid via escrow though. There are expenses on closing e.g.
i paid some fee to my mortgage lender on loan application, then application and underwriting fee-
i paid some HOA capital contribution and HOA statement fees-
i paid for property inspection
I added some appliances and fixtures to the house before giving on rent. Also bought warranties for them.
Where should i report the above to add to the basis? I would want them to be added to the cost of the house ideally.
While i paid some money in escrow for HOA, insurance, property tax but that I entered under the expenses section as these are recurring expenses. IS that right?
And where should i enter the points paid on the loan?
