Add property taxes to basis

[oceanlovin'ea]

CLient bought 135 acres of land in 1989 for investment purposes. He sold the land in 2006 and made over $3 million profit on the sale.

He has paid property taxes on the land for almost 20 years. Can I add his property taxes that he has paid to his basis?

I did a search and read the posts on this subject but didn't really get a definite answer. He has not itemized deductions and so has not deducted the taxes on his personal return.I want to make sure I have covered all the bases here.

Thanks

Linda F

[solomon]

Too Late

to add to basis. He would have had to make an annual election under Reg. 1.266-1. However, there might be a way out and I think it is under 301.9100-3.