Expenditures made for ordinary repairs and maintenance of property are not added to the original basis in the determination of the property's adjusted basis whereas capital expenditures are added to the original basis.

Question

Quizplus · Accepted Answer

Expenditures made for ordinary repairs and maintenance of property are not considered in the determination of the property's adjusted basis. Capital expenditures, on the other hand, are added to the original basis.

Expenditures Made for Ordinary Repairs and Maintenance of Property Are