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Investors & landlords
Does this "mapping" look correct? The bullet text refers to the TurboTax fields (for "Cost Basis" only) and the letter followed by a number refer to the Closing Disclosure designations.
Cost Basis
- Abstract and Recording Fees:
- E1 – Recording Fees
- Legal Fees, Title Search, Documentation Preparation:
- B1 – Appraisal Fee
- B3 – Document Preparation Fee
- B4 – Document Review Fee
- Land Surveys:
- B5 – Flood Certification
- C1 – Survey Fee
- Title Insurance:
- C3 - Title – Courier Fee
- C4 - Title – Escrow Fee
- C5 - Title – Lender’s Title Insurance
- C6 – Title - Recording Service Fee
- C8 - Title – Title Endorsement Fee
- C9 - Title – TX Guarantee Fee
- H2 - Title – Owner’s Title Insurance (optional)
- Transfer or Stamp Taxes:
- E – N/A
- Expenses You Paid for the Seller: N/A
Amortized (over term of mortgage):
- A. Origination Fees:
- A1 - % of Loan Amount (Points) – Blank
- A2 – Closing Fee
- A3 – Processing Fees
- A4 – Underwriting Fees
- B2 – Credit Report
February 26, 2022
11:38 AM