I own land and am planning on contracting to have a house built on the land. I will need to travel to the land during construction for oversight, review and will do some work myself. Can my car mileage from my current home to the to-be-built home be added to the cost basis of the new home? I can find nothing in IRS regulations which address this specifically. I "believe" it is a legitimate cost which can be included in the cost basis.
