- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@pzp107 wrote:Is this something that can be done and how do you make that declaration (like is it a form of somekind) so it can be added to your cost basis?
After tax reform (the TCJA) you can no longer add carrying costs to your basis per Regs. Sec. 1.266-1(b)(1) if the costs are not "otherwise expressly deductible".
‎April 14, 2021
12:38 PM