So to clarify - the water heater, new AC, etc will not be added to the cost basis because I expensed them in prior years? So my cost basis will remain as the co...
Thanks! I assume you mean that my starting basis is 406,000 (total cost when purchased 464,000 - 58,000 land), correct? And, add to the 406,000 any home improve...
QUESTION - do all expenses and the get ready to sell expenses get somehow calculated behind the scenes to adjust the cost basis of the property to reduce the ca...
