The original cost would be the cost of Property A plus any up charge for Property B at the time of the trade. Add to that amount any capital improvements that were added to Property A after purchase and before you traded it, and any capital improvements to Property B after the trade year and before you sold it. You are also allowed to add any purchase expenses as shown below.
- The calculated result is the original cost.
Government Recording and Transfer Charges
- Recording fees
- Title Charges
- Lenders Title Policy
- Settlement or Closing Fee
- MLC - Assuming it means Municipal Lean Certificate
- Title Exam
- Owners title Insurance
You can include these closing costs and add them to the cost basis of the property as noted above.
@jlwjoi
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
