@Carl , Hi Carl, I do come up with another question on the same rental property which I have been mentioning in this thread early (the one got sold in 2020). So since the year I have purchased it, I have been paying $450 each year as the "Front Foot Benefit Charge" to the water company, I did not include this cost into my annual expense (i simply just forgot it), so my question is: 1. can this FFBC charge to be included in my annual rental property expense? 2. If not, now I have sold my property, can I add the total amounts I have been paying all these years into the cost basis just like how I add the remodeling fee so it could lower my capital gain?
Looking forward to your help! TIA
