Rental Property Cost Basis Additions

Forum|Forum|6 years ago
June 5, 2019
1 reply
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I paid a consultant a fee to help find my rental. Where to add this expense to my cost basis. There is nowhere to add it to the escrow fees.

TurboTax Self Employed Online

PatriciaV

Employee

You may add these closing costs to the purchase price of your Rental Property and enter the total as "Cost" on the page "Tell Us About This Rental Asset."

See screenshot below - click to enlarge. "Learn More" links have additional info.

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morgann

We're in the same situation. Currently, the screenshot you previously shared appears unavailable. Could you please repost where to include a consultant fee? Is it appropriate to add it to 'Other adjustments' under the rental asset?