AnnetteB6
Employee Tax Expert

Deductions & credits

Try using these values:

 

A Abstract and Recording Fees  = 9 Recording Fees

 

B Legal Fees, Title Search, Document Preparation = 2 Appraisal Fee; 3 Credit Report Fee; 5 Tax Service; 6 Title Courier Fee; 8 Title Settlement Fee

 

C Land Surveys = 4 Flood Certification

 

D Title Insurance = 7 Lender's Title Insurance

 

E Transfer or Stamp Taxes = none (seller paid these)

 

F Expenses you paid for the Seller = none shown on your list

 

 

The seller paid items would not add to your basis.  Item 1 Origination charges would be amortized over the life of your loan instead of being added to the basis.  

 

 

@sviyer

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