TomD8
Level 15

Get your taxes done using TurboTax

@Rooie --

 

When you sell a stock, your cost basis is what you paid for the stock.

 

When you sell your home, your cost basis is what you paid for the home, plus the cost of any capital improvements (such as a room addition or a new roof) that you made to the home during your period of ownership.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.