Sophia M. asked

💰  Tax

When buying a property, should closing costs be added to the total cost or amortized? How should interest, property tax, and other items reported on HUD be handled for an investment property?

July 8th, 2023

Jessica W. answered

Closing costs should be added to the basis of the property. Mortgage-related items that can be added...

July 8th, 2023

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