According to this IRS publication, these are costs that are amortized over the life of the loan. This includes:
- Abstract fees
- Charges for installing utility services
- Legal fees
- Recording fees
- Surveys
- Transfer taxes
- Title insurance
- Any amounts the seller owes that you agree to pay (such as back taxes or interest, recording or mortgage fees, sales commissions and charges for improvements or repairs).
Certain mortgage points and deductible real estate taxes can be deducted in the current year.
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