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Help determining basis for rental property 2023 taxes
Hi, we have a Closing Disclosure document, not a HUD. Turbotax is asking for the following escrow fees for my rental property. We purchased it in 2017 as a primary residence and converted it to a rental August 2023.
A Abstract and Recording Fees
B Legal Fees, Title Search, Document Preparation
C Land Surveys
D Title Insurance
E Transfer or Stamp Taxes
F Expenses You Paid for the Seller
Can you help me figure out where the fees we paid below fit into the categories above? Some make sense but others I cannot determine where they fit.
- Origination Charges - Commitment Fee
- Appraisal Fee
- Condo Certification Fee
- Credit Report Fee
- Flood Certification Fee
- Title Abstract orTitle Search
- Title- Closing Letter
- Title - Courier
- Title - Lender Title Insurance
- Title - Post Clsoing Letter
- Title - Settlement or Closing Fee
- Title - Title Binder Fee
- Title - Title Examination Fee
- Recording Fees
- City/County Tax/Stamps
- Homeowners Insurance Premium
- Prepaid Interest
- Homeowners Insurance
- Property Taxes
- HOA Dues
- HOA Transfer Fee
- Tax Certificate
- Title- Owners Title Insurance
March 14, 2024
11:44 AM