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June 5, 2019
Question

Rental Property Cost Basis Additions

  • June 5, 2019
  • 1 reply
  • 0 views
I paid a consultant a fee to help find my rental. Where to add this expense to my cost basis. There is nowhere to add it to the escrow fees.

1 reply

PatriciaV
June 5, 2019

You may add these closing costs to the purchase price of your Rental Property and enter the total as "Cost" on the page "Tell Us About This Rental Asset.

See screenshot below - click  to enlarge. "Learn More" links have additional info.

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Carl11_2
March 30, 2024

@PatriciaV 
See screenshot below - click to enlarge. "Learn More" links have additional info.

Did you forget something? 🙂