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Get your taxes done using TurboTax
I think @VictoriaD75 's answer assumed the survey cost was part of the acquisition cost, so it would be added to your cost basis.
However, if the survey cost was part of the "maintain the right of way" problem, then it is not deductible.
Only the current year property tax is deductible. If you usually use the standard deduction, there's no need to enter it. It's not enough to make itemizing better than the standard deduction.
May 3, 2020
4:27 AM