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can i add to basis of inherited property with materials and taxes paid over the years
i inherited a property that was unlivable. Can i use the money amount that i put into the house for a roof, plumbing, electrical, cabinets, flooring, insulation, appliances, utilities, insurance, and taxes to add to the cost basis? this is a property in Texas. I have put many years of labor and materials and kept the house up costing me a small fortune. thank you
‎April 12, 2022
1:06 PM