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testimony, several of the improvements are supported by building
permits in evidence.
We accept petitioner's and her former husband's testimony
with regard to a number of the home improvements that are claimed
to have been made during the years 1971 through 1986. Set forth
in the schedule below, we summarize the various improvements that
petitioner claims were made to the home during 1971 through 1986
and the estimated costs that petitioner claims were incurred for
each improvement. Also set forth below with regard to the
improvements are the costs, if any, that we believe can be
reasonably estimated and that we allow with regard to each
improvement.
Petitioner's
Claimed Costs
Claimed Home Improvements 1971-1986 Costs Allowed
New electrical wiring $ 11,000 $ 5,000
New furnace and hot water heater 9,300 5,000
New insulation 8,800 -0-
Reconstruction of gazebo and bridge to gazebo8,000 2,000
Stone steps leading to the lake 1,500 -0-
Pool improvements and new wrought-iron fence 8,500 5,000
New two-car garage and removal of old garage 46,800 20,000
New concrete driveway 6,500 4,000
Reconstruction of second floor including a new wall12,600 10,000
Septic tank removal and city water/sewer hookup11,150 5,000
Structural improvements to doors and roof supports8,100 -0-
New roof 10,300 -0-
Interior remodeling 4,500 -0-
Dock improvements 1,500 -0-
Kitchen improvements 7,500 -0-
Total $156,050 $56,000
Based on the evidence before us, we conclude that
petitioner's tax basis in her home is $277,633, or $56,000 over
the $221,633 allowed by respondent.
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