Leonard
Intuit Alumni

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.