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Deductions & credits
No, title and UCC fees are not included in the basis of your property for tax purposes. Generally, your adjusted basis would include:
- original cost, including sales tax, purchase expenses, commissions, etc. unrelated to financing
- permanent home improvements
- less depreciation claimed or allowable (if you had an office in your home)
- less casualty and theft losses (if any)
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‎June 6, 2019
8:08 AM