Calculating Cost Basis for Rental Property

In 2005 I converted my home to a rental propety. In preparation for preparing my taxes this year, I need to establish my cost basis for the property.

I paid $160,000 for this property. However, I have read in multiple sources that I can add some of the closing costs to the cost basis of my property. Mainly, I can add transfer taxes, title insurance, attorney fees, survey costs, and termite inspection fees to the basis. Here is what I have rounded up so far from my HUD Closing Statement:

HUD Line #	Description	Amount
	Purchase Price	$160,000.00
1107	Attorney Fees	$ 475.00
1105	Document Prep Fees	$ 150.00
1108	Title Insurance	$ 290.00
1301	Survey	$ 350.00
1201	Recording Fees	$ 82.00
1202	State Tax/Stamps	$ 320.00
	Termite Inspection Fee	$ 50.00
	Cost Basis from Closing	$161,717.00

I still haven't found a clear answer as to whether a home inspection is part of the cost basis. I have read that a termite inspection fee is part of the cost basis so I would think a home inspection would be as well. However, I have found nothing that suggests a home inspection can be included as part of the cost basis.

Regardless, I have added an additional $1,717.00 in my cost basis for this property from closing costs.

Update: It looks like I can add home inspection expenses of $325 to my cost basis. The new total is $162,042.