@pvwedding wrote:
Can refinance charges such as Legal Fees, Title Search, Document Preparation be used to affect the adjusted cost basis of my home? TurboTax shows this for the original home purchase but does not clarify that you can or cannot use refinance fees to affect adjusted cost basis. Please clarify to the best of your knowledge.
Probably not. Costs incurred solely because of a loan/mortgage do not add to the Basis.
