Adjustments to Basis

Below are some more examples of adjustments to basis.

Increases to Basis

Decreases to Basis

Capital improvements: Putting addition on your home Replacing an entire roof Paving your driveway Installing central air conditioning Rewiring your home Assessments for local improvements: Water connections Extending utility service lines to the property Sidewalks Roads Casualty Losses: Restoring damaged property Legal fees: Cost of defending and perfecting a title Fees for getting a reduction of an assessment Zoning costs

Exclusion from inocme of subsidies for energy conservation measures Casualty or theft loss deductions and insurance reimbursements Credit for qualified electric vehicles Postponed gain from the sale of a home Deduction for clean fuel vehicles and clean fuel vehicle refuelling property Depreciation and section 179 deduction Nontaxable corporate distributions Certain canceled debt excluded from income Easements Adoption tax benefits