Borrower's settlement statement

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  • AuroraSchneider
    Junior Member
    • Apr 2018
    • 1
    #1

    Borrower's settlement statement

    Are the refinancing expenses like appraisal fee, escrow fees, etc. considered expenses to the borrower on the tax year the refinancing occurred on Schedule E???
    Tags: None
    • taxea
      Senior Member
      • Nov 2005
      • 4292
      #2
      Originally posted by AuroraSchneider
      Are the refinancing expenses like appraisal fee, escrow fees, etc. considered expenses to the borrower on the tax year the refinancing occurred on Schedule E???
      No they are added to basis
      Believe nothing you have not personally researched and verified.

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