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Deductions & credits
The description of your question was not complete. However, I have inferred that you donated property or land to a charitable organization, and you want to know if there are additional expenses that you can deduct.
Similar to the sale of a property certain other expenses can de included in the cost basis. These expenses would be added to the value of the charitable donation,
These items are:
- Tax stamps,
- Attorney fees,
- Title insurance,
- Title search and
- Document preparation fees.
If this was not your question, please submit a clarification.
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‎April 4, 2021
5:19 AM