1147 Hidden Ridge #1164, Irving, TX 75038
Call Us 972 636 1100
E-mail : contact@siritax.com
Welcome: Tax Year: Tax Filing Status: Client Documents User Profile Logout

Cost Basis of Property

Only provide if you are a new client or have a new rental property
Adjusted Basis of property:
$ Purchase price of property
$ Settlement costs(abstracts fees,legal fees,recording fees,surveys,transfer taxes,title insurance)
$ Capital Improvements made to property before it was made available for rent:
$ = Total adjusted basis
(Note:if you converted a personal property to a rental property,your basis is the lesser of the fair market value or the adjusted basis of the property)
Value of land in price of property:
$ (Note:land os not a depreciable asset)
Depreciation:(new clients only)
$ (Note:land os not a depreciable asset)
For more information see IRS Publication 527: Residential Rental Property
Click here to go back to questionnaire
© 2014 Siri Global Tax Services. All Rights Reserved. Privacy Policy Version:1.0.0.1