Re: not installed materials for a garage rebuild.

not installed materials for a garage rebuild.

Hi,

The garage of my house caught fire and needs to be rebuild. I bought the materials but have not yet rebuilt the garage. If I sell the house along with the not yet installed materials would they be included in the basis?

Thank you.

posted

If they are part of the sale, then yes. I would have the materials added to the sales contract, much like appliances are often included in contract for the sale of a house.

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