No, title and UCC fees are not included in the basis of your property for tax purposes. Generally, your adjusted basis would include:original cost, including sales tax, purchaseexpenses, commissions, etc. unrelated to financingpermanent home improvementsless depreciation claimed or allowable (if youhad an office in your home)less casualty and theft losses (if any)

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Do I include sales tax and Title and UCC -I fees in the original purchase price of a mobile home that I bought in 2006 as a secondary home and started renting in 2017?

Forum|Forum|7 years ago
June 6, 2019
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Best answer by PatriciaV

No, title and UCC fees are not included in the basis of your property for tax purposes. Generally, your adjusted basis would include:

original cost, including sales tax, purchase expenses, commissions, etc. unrelated to financing
permanent home improvements
less depreciation claimed or allowable (if you had an office in your home)
less casualty and theft losses (if any)

PatriciaVAnswer

Employee

No, title and UCC fees are not included in the basis of your property for tax purposes. Generally, your adjusted basis would include:

original cost, including sales tax, purchase expenses, commissions, etc. unrelated to financing
permanent home improvements
less depreciation claimed or allowable (if you had an office in your home)
less casualty and theft losses (if any)

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