March 2nd, 2021 11:13 AM by Sam Kader
There are other additional costs listed on the final Settlement Statement such as title and escrow fees, credit report fees, flood certificate, attorney fees and if you are buying/selling - real-estate commissions, home inspections, and transfer taxes. However, many are not deductible as they are added to the cost of the property.
Further information can be obtained from IRS Pub 936. For more information on other topics - you can download IRS e-book here. Tax laws are always changing. Please consult with your accountant or CPA when you file your tax returns.
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