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Get your taxes done using TurboTax
- 803 Appraisal Fee
- 804 Credit Report
- 805 Lender's Inspection Report
- 810 Flood Certification Fee
- 813 Processing Fee
- 816 Tax Service / Registration Fee
- 817 Underwriting Fee
- 1116 Courier Fee
- 1121 Sales Tax on Escrow Fees
It’s important to note that there are some commonly found amounts on settlement statements that cannot be included in your Cost Basis:
Amounts placed in escrow for future payments (typically taxes and insurance)
Casualty insurance premiums.
Rent for occupancy of the property before closing.
Charges for utilities or other services related to occupancy of the property before closing.
Charges connected with getting a loan. The following are examples of these charges.
Points (discount points, loan origination fees).
Mortgage insurance premiums.
Loan assumption fees.
Cost of a credit report.
Fees for an appraisal required by a lender.
Fees for refinancing a mortgage.
I conclude that none of the items you listed add to the basis of your home
January 4, 2022
11:51 AM