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Which of these are eligible to include as closing costs for tax basis?
I read this https://www.irs.gov/pub/irs-pdf/p523.pdf to calculate tax basis for my home. Still, it's not very clear which ones are eligible vs ineligible for my home. Possible to help me sort out, which is eligible to include in tax basis?
1. Appraisal Fee
1. Appraisal Fee
2. Credit Report
3. Flood Certification
4. Tax Service Fee
5. Title - Courier Fee
6. Title - Endorsment Fee
7. Title - Lender's Title Insurance
8. Title - Notary Fees
9. Title - Other
10. Title - Recording Service Fee
11. Recording Fees (Deed)
12. Recording Fees (Mortgage)
‎December 21, 2022
8:30 PM