I hear you, Dave. My wife is irreplaceable, has stuck with me through thick & thin, and there's been a ton of thin this year. Maybe 2024 will be better, hoping to have a great Alaska fishing trip with folks I love.
Tyler, Here's what I think fit the definition of "an addition or alteration to your property that increases its value, prolongs its useful life, or adapts it to new uses."
Purchase price of property (obviously)
Building dam for main lake
Initial fish stocking (?)
Standpipe, if not included in dam bill
Building small forage pond, including water valve that connects it with main lake
Roads, including road to forage pond & bridge over creek
Gravel roads leading to fish feeders
Rocks for boat launch site (otherwise tend to be too shallow & muddy to launch)
Controlled burn to help timber grow (we have a timber tax exemption so are in the business)
Cement parking space next to home
Artificial structures placed in the lake (?)
Front gate
Irrigation system for front lawn (a necessity in summer!)
Original landscaping, including flagstone walkway to dock (otherwise incredibly muddy trek when it rains)
Replacement of dead flowers & bushes
Riprap on dam to stop erosion, if not already covered in dam building payment
Riprap on drainage ditch to lake, otherwise rapid erosion after every rain
4 bedroom, 3 bath double wide manufactured home (?)
Wooden porch for home
Building home pad with right soils & height so it never floods
Electrical connection to home (?)
Water line to home (?)
Septic tank
Purchase & planting of aquatic plants best suited for bass (?)
Construction of cement spillway to keep excess water & mud from hill away from home
Riprap covering emergency spillway
That's all I can think of right now. One last query: Are these costs indexed for inflation, or will I end up paying capital gains tax on illusory profits?
