BobKamman
Level 15
09-18-2022
06:06 PM
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"Fixing up expenses" are a throwback to the old Section 121 rules, and by definition they aren't added to basis. I would ask why it took so long, but I have a client who has been reluctant to sell his late mother's house for 10 or 12 years, and it's probably the same mental-health cause.