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We sold out house in 2016. Now I'm filling out the forms, but it's asking for the original cost..We refinanced in 2013, should I use that cost?
I originally bought the house in 2004 and since refinancing, I don't have the original paperwork..I do still have the refi paperwork though.
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May 31, 2019
9:30 PM
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Deductions & credits
"Original cost" means exactly what it says - the amount that you originally paid for the house when you bought it in 2004. The refinance does not affect the original cost or the amount of your gain.
May 31, 2019
9:30 PM