DawnC
Expert Alumni

Deductions & credits

Yes, closing costs applicable to purchasing the home, not the mortgage can be added to the basis.   And yes, when you sell the home, they are selling expenses that will reduce the gain on 8949.   See Pub 523

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post