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Investors & landlords
Since you are buying, they go into your basis. The program is trying to get the correct basis to use for depreciation. If you want to put everything allowed into the purchase price and skip that section you can.
See Pub 527 which states: Settlement fees and other costs.
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.
See:
Rental Real Estate and Taxes| Turbo Tax
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‎February 2, 2023
5:31 PM