Auburntsts
Well Known Member
Got kinda an off the wall question for those that have sold an RV. If you built your plane how did you determine your cost basis in order to figure out any potential capital gains as a result of the sale? To be clear I’m not asking whether one should or shouldn’t pay capital gains tax on the profit from the sale. Rather I’m interested in simply how one determines the cost basis of what was originally just pieces parts and sub components that eventually became a single end item.