@Carl wrote:
Also, escrow has nothing to do with this. Money placed in escrow is your money, and it remains your money until such time that an amount is distributed to pay an obligated debt, such as property taxes and insurance...
You are thinking of the escrow account a lender might establish for a borrower to pay real estate taxes (and possibly casualty insurance).
Escrow fees imposed by an escrow company (to hold the buyer's earnest money, other funds, et al) are part of the closing costs and added to the basis.
