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A tag for questions on real estate or property.
1
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Cost is (maybe) part of basis for two assets
I bought two pieces of real estate from an online auction site. They charged me fee for the right to participate in the auction.
First question:
Should I count this fee as basis for these assets? Or …
2
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1
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how to compute holding period on real estate
For the purposes of computing long term versus short term capital gains tax treatment, when does the holding period for real estate end?
I can think of several options:
At execution of the purchase …