@adbeckwith1 wrote:
I would think the cost of titling and registration *would* be included in the basis. Is there an authority that explains this further?
Here is the IRS publication on basis.
https://www.irs.gov/pub/irs-pdf/p551.pdf
If you need to pay "legal fees" in order to obtain a title, I can see an argument for that being part of the basis. But not the registration fee. That's for the privilege of driving in a particular state, which is separate from owning the asset.
