- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Add the total cost to your basis. The worst that can happen is the IRS will disallow later. If you sell the house and buy another for more than your sale price it will be a moot point because there will be no tax owed. If you intent to stay in this house until downsizing in retirement you can take the one-time capital gain exclusion.
May 15, 2023
1:21 PM