I received an affidavit of Capital Improvement on NC Dept. of Revenue form E-589CI. Is this subject to a payment or refund on my NC taxes?
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I received an affidavit of Capital Improvement on NC Dept. of Revenue form E-589CI. Is this subject to a payment or refund on my NC taxes?
No, this a receipt for a capital improvement to your real property.
You will report and add this to the cost basis of the property when you sell it.
June 5, 2019 3:12 PM
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I received an affidavit of Capital Improvement on NC Dept. of Revenue form E-589CI. Is this subject to a payment or refund on my NC taxes?
No, this a receipt for a capital improvement to your real property.
You will report and add this to the cost basis of the property when you sell it.
June 5, 2019 3:12 PM
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