Am finally cleaning out the financial closets. Have refinanced my house twice since purchase. All closing costs (except points) add to my cost basis of the house. Correct or incorrect?Not necessarily, see Pubs 17, 530 and 936. Appraisal fees and credit reports are listed as non-deductible and not eligible to added to the cost basis (p 9 of pub 530). Also, you do know you can't automatically deduct the points on refinancing?
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