PaulaM
Employee Tax Expert

Get your taxes done using TurboTax

I would look over your home records from 2007-2023. You likely have more expenses over that time span that will increase your cost basis and thus lower/eliminate your gain. 

These would be expenses like the air conditioning you added that add/or improve the value of the property. Normal maintenance and repairs wouldn't qualify. Things like fencing, landscaping, roof, additions, etc. 

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