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D
Drindin
February 21, 2021
Question

not installed materials for a garage rebuild.

  • February 21, 2021
  • 1 reply
  • 0 views

Hi,

The garage of my house caught fire and needs to be rebuild. I bought the materials but have not yet rebuilt the garage. If I sell the house along with the not yet installed materials would they be included in the basis?

Thank you.

1 reply

D
DavidD66
February 21, 2021

If they are part of the sale, then yes.  I would have the materials added to the sales contract, much like appliances are often included in contract for the sale of a house.

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    D
    DrindinAuthor
    February 22, 2021

    Thank you!

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