Capitalizing Expenses On Investment Property

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  • Unregistered
    #1

    Capitalizing Expenses On Investment Property

    Can I Increase Basis Of Property Purchased For Investment By Expenses Such As Taxes, Insurance, And Interest Rather Than Sch A Since T/p Cannot Itemize?

    I Thought There Was An Irs Tax Code That I Had To State This Election The Year Of Investment.

    Thanks,
    J
    Tags: None
    • sea-tax
      Senior Member
      • Apr 2006
      • 971
      #2
      look at the discussion titled "real estate taxes"

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