ToddL99
Expert Alumni

Deductions & credits

As @DoninGA stated on a different post:

 

The Adjusted Basis of the home is the original purchase price plus certain settlement fees paid at time of purchase and the cost of any improvements made to the home prior to the sale.

 

For a detailed explanation of items that can be added to the basis of a home including types of improvements, see IRS Publication 523, specifically Basis Adjustments—Details and Exceptions