This was an unfinished mountain home. Building permit had expired and had become very rundown, full of building materials (many of which were now useless). This was not a house anyone resided in. It was bought for the purpose of cleaning it up, renewing permit, and selling. I made over 100 trips to the dump emptying out this house.
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Yes. Expenses of sale may be added to your cost basis in calculating your capital gain or loss.
Yes. Expenses of sale may be added to your cost basis in calculating your capital gain or loss.
You could not expense the dump fees but you can add them to your cost basis in the property
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