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Updated about 9 years ago on . Most recent reply

Kareem Wyatt's profile image
Kareem Wyatt's profile image
Kareem Wyatt
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Jul 28, 2013
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Kareem Wyatt's profile image
Kareem Wyatt's profile image
Kareem Wyatt
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Jul 28, 2013
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Kareem Wyatt
  • Rental Property Investor
  • Atlanta, GA
1
Votes |
56
Posts
Tax, SDIRAs & Cost Segregation

What the Seller’s cost basis numbers?

Kareem Wyatt
  • Rental Property Investor
  • Atlanta, GA
Posted

Question...Were are getting ready to closing....

And I attorney needs a copy of the Seller’s Trust Agreement and the Seller’s cost basis numbers to complete the Closing Statement and the Gain Affidavit.

What are the Seller's Cost Basis Numbers?...

is it a tax form, IRS form, or spreadsheet...

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Yinan Q.'s profile image
Yinan Q.'s profile image
Yinan Q.
  • Engineering Consultant, Investor
  • from Seattle, Washington
  • Member since Mar 3, 2013
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Yinan Q.'s profile image
Yinan Q.'s profile image
Yinan Q.
  • Engineering Consultant, Investor
  • from Seattle, Washington
  • Member since Mar 3, 2013
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Yinan Q.
  • Engineering Consultant, Investor
  • Seattle, WA
61
Votes |
213
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Yinan Q.
  • Engineering Consultant, Investor
  • Seattle, WA
Replied

I would ask the attorney to clarify. Sounds like the attorney is asking for how much the seller paid when purchasing the property. Again, check with the attorney.

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