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Updated over 4 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Paul Watkins
  • Rental Property Investor
  • Hickory, NC
0
Votes |
3
Posts

Categorize closing costs in accounting software

Paul Watkins
  • Rental Property Investor
  • Hickory, NC
Posted

From down payment, to deed recording fees, to lender's title insurance, I need to know the correct way to categorize the line items of a HUD-1 statement. I realize most costs aren't tax deductible or capitalized, I'm not asking about that. This is for general accounting purposes, not for translating to a Schedule E tax document. I'm using TenantCloud. Thanks.


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