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| Hello,
We were our own general contractors when we built our house in 2007 and meanwhile we were living in an apartment. By the time we were done in January 2008 someone made us an offer and decided to sell. There is a lady who help us preparing the taxes and she is asking me how much of our own money we put to built the house since we have some capital gains. She does not need any breakdown or support, all she needs is how much money of ours we invested.
Maybe this is OT but I know there are a lot of builders here that might know about this
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Follow-Up Postings:
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- Posted by western_pa_luann (My Page) on Wed, Feb 18, 09 at 8:12
| You need to have documentation for anything you claim. If you are audited, they won't take your word for it! |
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| you can print out old statements online of cell phone bills etc. along with anything you used a card for debit/credit and that should be fine. Pure cash without receipts you're sol. |
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- Posted by marthaelena (My Page) on Wed, Feb 18, 09 at 12:51
| Thnak you!!! |
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