Hi,
I am a little confused on how to calculate the cost basis for my rental house.
The house was bought on 2011, on HUD, the number is following:
"contract sale price: 129900"
"settlement charge to borrower: 5249.21"
"gross amount due from borrower: 135149.21"
"total paid by/for borrower: 102856.23"
"principal amount of new loan: 97425"
What is my cost basis from those numbers?
Thank you so much!
