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Get your taxes done using TurboTax
If you received a 1099-S, then you must enter the sale on your tax return.
Your cost basis is the original cost of the home, plus any capital improvements you made to the home during your period of ownership - such as a room addition, a new roof, a new HVAC system, etc.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎April 12, 2023
7:59 AM