Carl
Level 15

Deductions & credits

A HUD-1 Settlement Statement would have been provided to you at the closing. While the document has been updated quite a number of times over the years, the basic line numbering sequence remains the same for the most part. This document will have all the numbers and dates you need for setting up a property as a rental in the TurboTax program. But you will have to do some manual math. For example, there are a number of charges on the HUD-1 statement that relate to your acquisition of the property. You will need to add some of them together in order to get the amount you'll enter for a given item in the TTX program.

You can see what the HUD-1 statement looks like in general, at https://www.hud.gov/sites/documents/1.PDF so that you can have an idea of what you're looking for as you go through the paperwork to find it.