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How to calculate cost basis of a new rental property?
I have a closing statement with me with a purchase price of $2,100,000. but ends up as $2,126,464.86
Can I use take $2,126464.86 as a cost basis of the property which include appraisal fee, originaation fee, escrow fee, and notrary service, and etc.
‎August 6, 2024
2:50 PM