Land development

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  • MDEA
    Senior Member
    • Jun 2013
    • 189
    #1

    Land development

    New client bought land to sub divide are current years taxes deductible or must they be added to basis? I know that all fees and money spent for permits must be added .
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      6-2

      As a start there is a nice summary chart in TTB tab 6-2 to reference and see 2-17-16 Property Tax post
      Always cite your source for support to defend your opinion

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