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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 2855
Experience:  18+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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We are currently incurring a lot of money on surveyor fees

Customer Question

We are currently incurring a lot of money on surveyor fees as we prepare to subdivide our investment property - is any of this money tax deductible at any stage?
Submitted: 9 months ago.
Category: Tax
Expert:  Barbara replied 9 months ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

You will capitalize the surveyor fees and add them to your basis.

Please let me know if you require further information or clarification.

Thank you and best regards,

Barb

Expert:  Barbara replied 9 months ago.

Just following up with you to see if you have any other questions or concerns. If so, please come back to me here, and I will be happy to assist you.

Best regards,

Barb

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