04-10-2006, 06:16 AM
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 Re: Can I deduct this appraisal fee? Deduct - No however it is an addition to your acquisition cost. Regards Mark << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
04-08-2006, 10:05 AM
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| Can I deduct this appraisal fee? In November 2005 I purchased a rental home as an invest. I had to get a mortgage to purchase it and therefore I had to pay an "appraisal fee" of $650. Can I deduct this appraisal fee? If so, where? What form?.....on the Schedule E maybe? Thanks for any help. Jabs << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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