Yes, just when you thought your favorite condiment couldn't get any better, I present to you 9 unusual uses for mustard that go beyond sandwich-making. But first, a little mustard history! Way back when, the Romans were first introduced to mustard seeds by the Egyptians.
Therefore, the basis in the building is $850,000 (85% x $1 million). A cost segregation study identifies the portions of the building that qualify as personal property and land improvements for depreciation purposes (but are still like kind for 1031 purposes).
Increases in Basis. You must increase the basis of any property by: the cost of any additions or improvements; amounts spent to restore property after it is damaged or lost due to theft, fire, flood, storm, or other casualty; tax credits you received after 2005 for home energy improvements; the cost of extending utility service lines to the property, and