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Which of the following are included in the tax basis of a real estate property? (I = included; N = not included): _____ Amounts paid

Which of the following are included in the tax basis of a real estate property?

(I = included; N = not included):

_____ Amounts paid to acquire the property.

_____ Amounts borrowed to construct property.

_____ The cost of labor paid to contractors to construct property.

_____ The value of other property given to the seller in exchange for the property.

_____ Bidding fees related to acquiring the property.

_____ Amounts paid to third party appraiser to determine the value of the property.

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