Calculating the Box 2 Value of your 1099-A - 1099online.com
1 year ago
390
Here are some ideas of what needs to be added to the list price of the acquisition:
- 5% trustee fee
- Closing costs
- Water well
- Landscaping
- Food forest
- Renovations/extension including project management and architect fees
- Outbuildings - storage, garage, greenhouse, guest house
- Hard landscaping- driveway, garden walls, paths
- Architect fees
- Building permit fees
- Property taxes
- Solar system
- Emergency generator
- Maintenance equipment
- Utility bills
- Security system
- Insurance
- Moving costs
- Interior design
- Furniture
- Kitchen appliances
- Soft furnishings - bed linen, towels etc.
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