Posted on: 22nd Nov, 2010 07:39 am
i know that the cost basis is the price paid for the property but can you add to that the cost of the commission paid to the real estate broker? how about the real estate property taxes paid through the years you owned the property? can any thing else be added to the cost basis to lower the capital gains taxes to be paid?
Hi noxscash!
Welcome to forums!
As far as I know, nothing else can be added to the cost basis in order to lower the capital gains. You cannot add taxes to the capital gains in order to lower your capital gains taxes.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, nothing else can be added to the cost basis in order to lower the capital gains. You cannot add taxes to the capital gains in order to lower your capital gains taxes.
Feel free to ask if you've further queries.
Sussane