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Investors & landlords
You can add certain closing costs to your basis.
In my experience, and if memory serves me correctly, you enter the contracted sales price and the program will ask you for those costs, and do the math accordingly to arrive at the "true" cost basis which will include some of your closing cost. I say "some" because not all expenses are added to the cost basis. Some get amortized.
‎February 13, 2022
9:57 AM