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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.
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Land.
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Labor and materials.
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Architect's fees.
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Building permit charges.
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Payments to contractors.
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Payments for rental equipment.
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Inspection fees.
IRS Publication 551 Basis of Assets
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May 4, 2020
11:44 AM