Thank you Patti for your assistance,
Therefore, I cannot deduct or depreciate the fees for getting the loan but I can depreciate the appraisals fee. I read somewhere that you cannot depreciate the appraisals fee requested by the lender. I assume that my bank requested the appraisals before I got the mortgage. Can I include this cost as depreciation or not?
Also, I have two more questions. Where do I have to include the home inspection that we performed in order to purchase the house? Is it an expense under professional fees? Is it a part of the cost basis? If so under which category do I have to add it?
My last question is regarding the attorney fee. Could you please help me about where I have to include them?
Thanks
I appreciate your assistance
Kosta
