Closing Costs

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  • pepper49
    Junior Member
    • Apr 2007
    • 3

    #1

    Closing Costs

    How do I list the closing costs on purchased of Second home, first home is waiting to be sold.
    Interest on morgage, and taxes not a problem, but wondering about
    Appraiser fee, flood cert's., title search, document preparation, notary fees, title insurance, recording fees, city county, state tax stamps.
  • Beth
    Senior Member
    • Dec 2006
    • 118

    #2
    Closing fees

    The other items you list are not deductible. Look for prorated interest and prop taxes on the closing statement, and an origination fee. Thee are the items that can be added.

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    • pepper49
      Junior Member
      • Apr 2007
      • 3

      #3
      Originally posted by Beth
      The other items you list are not deductible. Look for prorated interest and prop taxes on the closing statement, and an origination fee. Thee are the items that can be added.
      Thank you for the information

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