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Business & farm
Just to be clear here, how did you treat those costs when the expense(s) were incurred?
- What exactly are you looking to add to your basis?
- Your time involved cannot increase your basis
- How did you treat the cost of acquiring the grape vines when that occurred? If you expensed those costs then you cannot also increase the basis of the land.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 17, 2021
7:07 AM