Marketstar
Level 7

Deductions & credits

No, closing costs, including the below are not tax deductible but may increase the cost basis of your home which may benefit you in the event of sale.

  • Attorney fees in connection with obtaining property

  • Commissions

  • State stamp taxes and transfer taxes

  • Tax service fees

  • Title policy fees or title insurance

  • Miscellaneous abstracts of title, surveys, recording of deed

  • Appraisal Fee

 


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