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how do you compute the cost basis?

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noxscash Joined: 22 Nov 2010 Posts: 1 1.00 Dollars($)	Posted: Mon Nov 22, 2010 8:39 am    Post subject: how do you compute the cost basis? Like 0 Dislike 0 i know that the cost basis is the price paid for the property but can you add to that the cost of the commission paid to the real estate broker? how about the real estate property taxes paid through the years you owned the property? can any thing else be added to the cost basis to lower the capital gains taxes to be paid?
smithsussane Joined: 18 Sep 2008 Posts: 10423 Location: Alaska 983.47 Dollars($)	Posted: Mon Nov 22, 2010 10:13 pm    Post subject: Like 0 Dislike 0 Hi noxscash! Welcome to forums! As far as I know, nothing else can be added to the cost basis in order to lower the capital gains. You cannot add taxes to the capital gains in order to lower your capital gains taxes. Feel free to ask if you've further queries. Sussane

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