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Deductions & credits
Can you provide a cite for that? I have this issue as well and have looked all over, without getting a straight answer.
I sold my home in 2018. I am finally working on the tax return (extension until 10/15) and am very close to the $500k tax free ceiling. The home was refinanced 5 times during that period and I paid in the vicinity of $2800 per refinance for non-deductible closing costs, primarily title insurance, escrow, and recording fees. I also had to pay for appraisals each time.
From your response, I interpret you to be saying that these closing costs can be added to my basis. If so, what part of TTax would they be entered? They are not costs I paid when I bought the property, so that doesn’t fit in the TTax box.
September 22, 2019
2:17 PM