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Deductions & credits
@maps4you wrote:
....I was wondering if that same structure can be use in the home cost basis computation.
You actually have no basis in the structure; you have a zero basis because you essentially wrote off the entire cost of the structure when you used the de minimus safe harbor provision. Clearly, therefore, the basis of the home cannot be increased by the cost of that structure.
‎December 29, 2019
2:45 PM
860 Views