Is there any way to claim home appraisal and home inspection fees, for property seller backed out on? It was 950$ which THEY said i could claim on taxes

posted

Those would be considered closing costs. They are not considered tax deductible, but will increase your cost basis which may benefit you in the event of a sale.

Just a reminder you are able to deduct the following:

Mortgage interest paid
Points (Loan origination fees)
Real estate taxes (property tax)
Mortgage insurance

If my aunt sells me a property for $60,000 under appraisal value will she have to pay gift tax

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Is there any way to claim home appraisal and home inspection fees, for property seller backed out on? It was 950$ which THEY said i could claim on taxes

Is there any way to claim home appraisal and home inspection fees, for property seller backed out on? It was 950$ which THEY said i could claim on taxes

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Is there any way to claim home appraisal and home inspection fees, for property seller backed out on? It was 950$ which THEY said i could claim on taxes

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Is there any way to claim home appraisal and home inspection fees, for property seller backed out on? It was 950$ which THEY said i could claim on taxes

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