The legal fees for the lawyer as a cost related to the acquisition of the property can be added to the basis and depreciated
As Carl said, the appraisal fee (required by the lender), underwriting fees, home inspection cost, and processing fees would be added to the loan and amortized over the life of the loan. These costs associated with obtaining the mortgage are amortized over the life of the loan.
See IRS Publication 527 for more information.
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