Do I include sales tax and Title and UCC -I fees in the original purchase price of a mobile home that I bought in 2006 as a secondary home and started renting in 2017?

[PatriciaV · Accepted solution]

No, title and UCC fees are not included in the basis of your property for tax purposes. Generally, your adjusted basis would include:

• original cost, including sales tax, purchase expenses, commissions, etc. unrelated to financing
• permanent home improvements
• less depreciation claimed or allowable (if you had an office in your home)
• less casualty and theft losses (if any)