I recently bought a rental property. When I report this in TurboTax (2015 online), I'm asked to report the following:
- Abstract and Recording Fees: HUD 1201?
- Legal Fees, Title Search, Document Preparation
- Land Surveys: HUD804?
- Title Insurance: HUD(1101 + 1103?)
- Transfer or Stamp Taxes: HUD 1203?
- Expenses You Paid for the Seller
Do these categories clearly correspond with line items on my HUD? If so, which ones? I've attempted a best guess above. Please let me know if this is correct.
