So correct me if I am wrong, but from everything I am read below this is clearly a personal property, and is also land only.
So maintenance by definition doe not improve the property, it just maintains it. The flights and hotels are also personal expenses. You can also not include the value of your time and your labor. That leaves the question of was the equipment that you may have rented plus the company that you paid to clear the land increase the basis.
I would have probably advised you if you asked before hand to sell the vacant property as is, since just simply clearing land is not a depreciable improvement since it is not subject to wear and tear. If there was a road or something else put in that was subject to wear and tear, a better argument could be made that this was an increase to basis.
Not the most satisfying follow up response, but hopefully that is helpful @RaydeeohMan
All the best,
Marc T.
TurboTax Live Tax Expert
27 Years of Experience Helping Clients
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