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Investors & landlords
So to clarify - the water heater, new AC, etc will not be added to the cost basis because I expensed them in prior years? So my cost basis will remain as the cost that I originally paid to get it in 2010 (meaning 464K) and none of the improvements will be added because I expensed them in prior years - correct? I keep getting information saying that I need to add them and then not add them so it's very confusing. thanks!
March 20, 2022
12:15 PM