VGC Dues/"reserves" for 2011-2013

[stat]

Some of these do appear to increase the cost basis.

https://www.irs.gov/pub/irs-pdf/p523.pdf

Agreed, I have a rental property and there's a big difference between regular maintenance (one-year deductible expense against that year's revenue) and capital expenses (which adds to my cost basis for the eventual sale). I've always thought of these as corresponding to the Maintenance line and the Reserves line but it's possible it's not that clean.

It's tempting to file the profit/loss as "sale price minus original purchase price," but I'm guessing his CPA is trying to follow the tax code a little more literally (not saying he's correct but seems like a valid approach).