- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@NCperson wrote:
You may want to review the closing costs though. Property taxes can be expensed - no need to capitalize
Absolutely, and note that charges connected with obtaining a loan (mortgage), such as fees and appraisals required by the lender, cannot be included in the basis.
See https://www.irs.gov/publications/p523#en_US_2018_publink100010751
May 12, 2019
10:18 AM
3,308 Views