Yes. Per IRS
Publication 527, Chapter 2, page 7: The following settlement fees and closing costs for
buying the property are part of your basis in the
property
- 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, charges
for improvements or repairs, and sales
commissions.
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