Hi MarilynG, just to clarify, are the assets separated? Meaning those that cannot be added to the basis like broker fees, should be instead amortized as a septarate asset, while other costs that get added to the cost basis would be added as new asset to be depreciated. Thus, some settlement costs are amortized (not adding to cost basis) while others are depreciated (added to cost basis). Of course, this excludes certain costs (real estate taxes, etc.,) which must be expensed.
