When I sold second home where do I add improvement cost? I sold second home and it just ask me
Date Sold: (Date on 1099-S for sale of home)
Proceeds: (Match 1099-S)
Total Amount Paid: (Price I paid for home?) < -- do I add basis here or cost of improvement to home?
The next page it asks:
I paid sales expenses that aren't included in the sale proceeds reported on the form:
Sales expenses not on 1099-S or statement ( So this is only agent fees and closing escrow fees right)?
