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I have listed out the closing costs/settlement charges that would be deductible on your return. You can find the settlement charges listed out on your Settlement Statement/HUD1.
The closing costs that would be deductible:
Title fees, real estate commissions, appraisal costs, home inspections, documentary stamps, credit report costs, costs of an abstract, transfer taxes, flood certificate, attorney fees, etc. are not deductible, but are added to the cost of the property.
I have listed out the closing costs/settlement charges that would be deductible on your return. You can find the settlement charges listed out on your Settlement Statement/HUD1.
The closing costs that would be deductible:
Title fees, real estate commissions, appraisal costs, home inspections, documentary stamps, credit report costs, costs of an abstract, transfer taxes, flood certificate, attorney fees, etc. are not deductible, but are added to the cost of the property.
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