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New Member
posted Jun 5, 2019 3:12:45 PM

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?

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1 Best answer
Level 1
Jun 5, 2019 3:12:46 PM

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 Replies
Level 1
Jun 5, 2019 3:12:46 PM

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.