The only additions to the cost basis of land would be improvements to the land itself (e.g. grading, roads, fencing, fill, 'permanent' structures, etc.).

The only direct expenses for land that come to mind would be property taxes and maintenance (e.g. mowing, weed control). Both of these costs are expensed in the year incurred.

Indirect expenses (e.g. administration, advertising, office, travel, etc.) are also expensed in the year incurred

Thank you for your quick answer and then followup.  I am confused about  the answer.  Partnerships I believe are subject to uniform capitaliztion unless a 263A  so I am not certain which way to go.  And then how to allocate indirect costs to varioous properties.  I also believe that small owners are not subject to this allocation.  I hoped the answer I received would have menioned and addressed these items.

Sandra