Yes, closing costs like you listed add to your basis for both original purchase and refinance.As for the sale aspect of your question, I haven't sold any rental...
Starting in 1997, only the amount of the settlement related to physical injury or physical sickness are tax free. Any portion of the settlement attributed to em...
It sounds like you are not in the real estate business. Assuming this is true, your rental property is a rental and is not business property. The improvements m...
I think the answer depends on whether or not you live in a community property state. If you live in a community property state, I think the standard deduction s...
