I understand that I
can adjust the home cost basis, which can be calculated by adding to
the condo purchase price certain expenses that were incurred during
the purchase of the condo. What can be added to the cost basis of the
home from the buyer's settlement statement?
On the buyer’s
settlement statement, I have the following items:
Lender Fee
HOA Survey
Appraisal Fee
Credit Report Fee
Sewer Lateral
Inspection
Certificate of
Insurance Fee
Transfer Fee to HOA
(for transfer of ownership)
Escrow Fees to the
Title Company
Loan Tie-In Fee to
Title Company
Notary Fees
Title Charges
Endorsements to
Title Company (Environmental Protection Lien and Condominium)
Recording Fees
City Transfer Taxes
