Hi,
I purchased a rental property this year and I'm trying to figure out which entries in the Settlement Statement go where in Turbo Tax for: Abstract and Recording Fees, Legal Fees, Title Search, Document Prep, Title Insurance, Transfer of Stamp Taxes and Expenses You Paid to Seller.
Here's my best guess - can anyone tell me if I'm correct or incorrect on any of this?
Abstract and Recording Fees
Recording fees to Clerk of Superior Court 56.50
City of Atlanta Water Deposit 8/12 80
GRMA Fee to State of Georgia 10
ICL Charge to Chicago Tite Ins Co 50
Legal Fees, Title Search, Document Prep
Attorney Fee $775
Title/Tax Exam & Review Fee $225
Title Bind Fee $75
Appraisal Fee $610
Credit Report $33
Property Inspection $420
Termite Inspection $45
Title Insurance
Lenders Title Insurance $1011.25
Owner's Title Insurance $1368.75
Transfer of Stamp Taxes?
Deed Transfer Tax to Clerk of Superior Court $500
Mortgage Intangible Tax to Clerk of Superior Court $1125
What about % of Loan Amount (Points), Prepaid Interest, Homeowners Insurance? Do any of these get included?
Thanks in advance for your help.
