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kappa808
New Member

Adjusted cost basis

Using Home & Business: 

Regarding "Adjusted cost basis", there's a field for "Other Expenses"

Can the following items be included in OTHER EXPENSES: 

 

1) Items connections with a loan: tax service, underwriting, mortgage prep, flood certificate, Doc prep fee, 

2) advance county property tax

3) Settlement fee for HOA

 

Best Regards

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1 Reply
ThomasM125
Expert Alumni

Adjusted cost basis

You can add everything you mention to the basis of the property except for the property taxes, they would be considered a tax expense to be deducted in the year to which they apply. 

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