I received an affidavit of Capital Improvement on NC Dept. of Revenue form E-589CI. Is this subject to a payment or refund on my NC taxes?

posted

Connect with an expert

1 Best answer

Accepted Solutions

No, this a receipt for a capital improvement to your real property.

You will report and add this to the cost basis of the property when you sell it.

1 Reply

No, this a receipt for a capital improvement to your real property.

You will report and add this to the cost basis of the property when you sell it.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.