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Investors & landlords
@RobertG, thanks again for responding.
I had found that same information from the IRS, but that only covers the typical scenario where something is actually constructed, however nothing was ever constructed in this case.
Because of its summary nature, it doesn't state anything about uncommon scenarios like ours -- which doesn't necessarily mean that the underlying rules do not permit counting these costs against the cost basis.
Thoughts?
Thanks!
May 4, 2020
1:04 PM