I paid for the lender required appraisal cost out of pocket before closing, I also paid for elective home inspection before closing, and the lender prepaid for hazard insurance for one year (insurance goes into closing cost). My future insurance payment wont be escrowed.
Can I add the appraisal, inspection and insurance cost to the total rental basis for depreciation or amortize it over the life of the loan? or deduct all 3 cost for current year?
