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We added a long stone wall to our property. The stones have some mortar to hold it together. Is this a capital improvement, such that it can be added to the cost of the house when calculating basis upon sale some day?

2007-07-17 07:53:19 · 2 answers · asked by Born in Bost 1 in Business & Finance Taxes United States

2 answers

Anything which is a permanent fixture on a property is considered an improvement in terms of calculating basis, whether or not said improvement actually results in an increased value to the property.

2007-07-17 07:57:01 · answer #1 · answered by acermill 7 · 1 0

Yes it is.

2007-07-17 07:58:18 · answer #2 · answered by Judy 7 · 1 0

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