MarilynG1
Expert Alumni

Get your taxes done using TurboTax

Yes, you can claim the property was valued at 75K.  

 

There could be consequences for not having receipts, but since you are reporting a small personal loss (which is not a deduction), this is not a red flag.  Additionally, you have had couple of international moves since then. 

 

You might consider writing down your expenses for labor/materials as best you can recollect from the time of the renovation to save with your tax records.

 

@ishyronosova 

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