Deductions & credits

Wow, thank you for pointing out that I have to reduce the seller paid closing cost from the purchase price. My CPA didn't point that out so I wouldn't have known.

 

To answer your question: the closing statement only had 1 page but I did look through the buyers packet and find these other documents related to closing costs. Does this help? Can you help me figure out what closing costs to add to the $548,050 (purchase price + seller paid credit) and what the final depreciation amount should be? To be honest, I filed my taxes for 2021 and 2022 incorrectly and have to file an amendment so I want to get it right this time. Thank you in advance! 

 

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