https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-the-costs-of-acquisition-of-real-estate-including-z/01/257202#M31909 <P>No. <BR /></P><P>The costs of acquisition of real estate, including zoning fees, become part of its cost basis and are offset against selling price to determine capital gain (loss) when you eventually sell the property. Such costs are not deductible as expenses at the time of acquisition.</P><P>For more information, please refer to <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/p551.pdf" target="_blank">IRS Pub. 551 Basis of Assets</A></P> <BR /> Sat, 01 Jun 2019 21:22:12 GMT MichaelMc 2019-06-01T21:22:12Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-purchased-property-that-needed-to-be-removed-from-open-space-and-paid-6k-can-i-deduct-this/01/257200#M31908 Sat, 01 Jun 2019 21:22:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-purchased-property-that-needed-to-be-removed-from-open-space-and-paid-6k-can-i-deduct-this/01/257200#M31908 Mzjwest 2019-06-01T21:22:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-the-costs-of-acquisition-of-real-estate-including-z/01/257202#M31909 <P>No. <BR /></P><P>The costs of acquisition of real estate, including zoning fees, become part of its cost basis and are offset against selling price to determine capital gain (loss) when you eventually sell the property. Such costs are not deductible as expenses at the time of acquisition.</P><P>For more information, please refer to <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/p551.pdf" target="_blank">IRS Pub. 551 Basis of Assets</A></P> <BR /> Sat, 01 Jun 2019 21:22:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-the-costs-of-acquisition-of-real-estate-including-z/01/257202#M31909 MichaelMc 2019-06-01T21:22:12Z