Deductions & credits

You are not dividing things into categories. You converted the house from personal to rental. Mark the house as a conversion and the date.  I started answering and realized you are just adding totals to get the basis of the house for depreciation. Most of the items will all be added together and added to your purchase price. 

You will add the house as an asset. The program will subtract out the land value and depreciate the house for you. You want to take the depreciation since it is part of the sale calculation - whether you take it or not.

I marked the ones to not use. You can add the rest together and add it to your purchase price.

1. Origination Charges - Commitment Fee - this includes the points for mortgage - part of the basis
2. Appraisal Fee - legal fee
3. Condo Certification Fee - legal fee
4. Credit Report Fee -not part of the basis, related to finance, not purchase
5. Flood Certification Fee - legal fee
6. Title Abstract or Title Search - legal fee
7. Title- Closing Letter
8. Title - Courier -not part of the basis
9. Title - Lender Title Insurance
10. Title - Post Closing Letter -not part of the basis
11. Title - Settlement or Closing Fee
12. Title - Title Binder Fee
13. Title - Title Examination Fee
14. Recording Fees
15. City/County Tax/Stamps
16. Homeowners Insurance Premium - not part of the basis
17. Prepaid Interest - not part of the basis
18. Homeowners Insurance - not part of the basis
19. Property Taxes - not part of the basis
20. HOA Dues - not part of the basis
21. HOA Transfer Fee - not part of the basis
22. Tax Certificate
23. Title- Owners Title Insurance