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Can I add acquisition financing cost to cost basis for rental propert converted from personal residence
I purchased the house on Nov 2021. I paid $2300 for point, $2700 for broker fee, and $900 for appraisal. After a year occupied by myself, I converted it for rental property on Nov 2022.
My question is can I add these financing cost to cost basis for depreciation? There’s no space to put these information on TurboTax.
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March 14, 2023
12:58 AM