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Deductions & credits
Can escrow fees be added to Cost Basis from the Purchase and Sale of the Same home ?
I realize that there are escrow closing expenses that can be added to the Cost Basis of a home when it is originally, purchased (IRS Pub 523).
However, when selling this same home 10 years later, can I add the expenses from escrow, such as Real Estate Commissions to the Cost Basis also?
In other words, what is the total list of escrow fees/ expenses that can be added to the Cost Basis when selling a home? This is not clear in IRs Pub 523 or 551
ā€ˇFebruary 25, 2022
7:37 AM