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Get your taxes done using TurboTax
suggestion: the whole issue of 'cost basis' is moot unless
1) you sell the property within two years of the purchase OR
2) you live in the property for at least two of the last 5 years of ownership and the gain on sale is more than $500,000 (joint) / $250,000 (single)...
if there is a loss on sale of the home in the future or you live in the home when you die.....it's not going to matter - there are no tax implications.
might be worth deciding on window treatments you can look at each day vs. whether they add to your cost basis 😊
‎May 22, 2022
2:31 PM