Here is what chatgbt says, and now I understand. Thanks everyone for your patient and feedback:The IRS distinguishes between business expenses and capital expen...
Here is where the confusioin arises. The parties responding to this post are using the word "improvements" and "costs" interchangeably in regards to when the pr...
Thank you so much for the clarity. Much appreciated.I see why I'm confused - there are numerous postings on the internet, including within tax account sites, th...
Please confirm when you say "added to the cost basis of the property" that means the market value of the property when I inherited it? Yes, this is an inherianc...
