Thank you so much for your reply.
Please let me know if I am getting this right.
Purchase price for depreciation doesn't include fees and taxes associated with the closing cost. It only increases the cost basis of my property which may benefit in the event of sale.
Is that correct?
Other than points, is there any other item that I can deduct from this list?
Interest
Tax and Frontage
County taxes
Title insurance
Recording Fee
Wire Fee
Transfer Tax
Property Taxes
Escrow charges...
Thanks again.
