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Author: elibort One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121335  
Subject: Re: fixing up expenses Date: 10/7/1999 1:54 PM
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The phrase 'fixing up expenses' suggests to me that category of expenses
that are not capital in nature, but which are incurred shortly before, and
in preparation for, sale of a personal residence. Isn't there a tax
advantage allowed in the case of someone who spends money on repairs,
painting, wallpapering, etc. right before selling? These don't usually
get added to basis, except in these specific circumstances.



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