I purchased a new rental property in 2021 and the purchase was financed. My understanding is that prepaid items like property tax and mortgage points are tax deductibles. Closing costs are added to the cost basis.
In a financed property, which of the closing costs can I add to the cost basis? For example, would the mortgage origination fee, appraisal, or lender title search and insurance be counted towards the cost basis or only items that pertain to me?
In the "Enter Escrow Fees" portion of TurboTax Home & Business, the instructions don't mention anything about separating lender portions of these costs.
