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b_opp
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What is included in the cost basis for a house (for taking depreciation on a home office)? Purchase price + closing costs?

 
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Anita01
New Member

What is included in the cost basis for a house (for taking depreciation on a home office)? Purchase price + closing costs?

Purhase price plus the cost of improvements since purchase.  Closing costs do not include properrty tax or interest paid.

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