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Author: DBAVelvet74 Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121175  
Subject: Re: Who is right? Date: 10/22/2006 2:38 PM
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On the one hand, the shed is certainly large enough to be considered a permanent structure and therefore add to your cost basis in the property. On the other hand, I'm not sure whether the lack of a permanent attachment to the ground keeps it separate from your cost basis in the overall property.

I would consult with a tax professional in your area for clarification.


Given that we aren't planning to move anytime in the future, would we be safe to save the reciepts that show how much we paid, and deal with it all when we eventually do sell?

Worst case it doesn't go to the basis and I've kept the receipt for nothing?
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