Yes, the closing costs do not have to be included in the loan to be able to add them to the basis of the property. The deductible closing costs are those for interest, certain mortgage points and deductible real estate taxes.
I cannot go through your closing disclosure to advise what of the lines need to be included on each category for the cost basis? Also, your closing disclosure does not come through to me. However, I can provide you with the information on what is allowed. Rental Property treatment of closing costs
A quick summary of the many settlement fees and closing costs for buying the property become additions to your basis in the property and part of your depreciation deduction, including:
- 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).
