RobertG
Expert Alumni

Investors & landlords

If you build property or have assets built for you, your expenses for this construction are part of your basis. Some of these expenses include the following costs.

  • Land.

  • Labor and materials.

  • Architect's fees.

  • Building permit charges.

  • Payments to contractors.

  • Payments for rental equipment.

  • Inspection fees.

IRS Publication 551 Basis of Assets

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"