I sold my home of 31 years in 2020 and purchased another. Both primary residence. I have none of the 1988 paperwork for original purchase. I know the month/year/price. I refinanced multiple times and when sold I still had 21 years on the last loan. I am single and understand the cap of 250K on capital gains. I sold the property and netted 281K. I did 47K of improvements over the years so I thought the overage of 31K would be eliminated. Working through the program I don't see where to enter original price in 1988. It's telling me I owe thousands. So I'm not understanding the capital gains correctly? Do I owe from original price to sell price with no consideration of all the loans in between and the final balance still owed? I took 10K out in cash once for a new roof and later another 38K for the divorce payout. The rest of the refinances were chasing lower rates. I don't have any paperwork for any of the refinancing.
