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Investors & landlords
@carnold1978: How did you enter yours? Is that for a new rental property?
I assume you are referring to fees that are related to a newly acquired property. I did mine by capitalizing it as part of the cost basis (depreciated over 27.5 years). Under the section 'Other adjustments' - Increase vs Decrease. I entered the cost of home/structural/termite inspection under the 'Increases' textbox.
@Carl: Thanks for the detailed insight. Would be curious to hear your thoughts if my approach for the home/structural/termite inspection fees is correct?
‎January 11, 2022
11:39 AM