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Deductions & credits
Settlement fees and Escrow fees are all reported on your HUD-1 statement.
Settlement fees and escrow fees that are added to the cost basis of your home are.
- legal fees to obtain title to the home
- title search fees
- title insurance
- title recording fees
- transfer taxes, and
- survey fees.
You can also add to basis any expenses that you paid on the seller's behalf.
‎June 7, 2019
5:04 PM