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In the sale of a 2nd home. is the cost basis equal to the amount paid plus the cost of improvements?
ldrny413
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In the sale of a 2nd home. is the cost basis equal to the amount paid plus the cost of improvements?
It was a private sale and I didn't receive a 1099-B.
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TurboTax Premier Online
October 15, 2021
1:54 PM
Bsch4477
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That is correct.
October 15, 2021
2:01 PM
Critter-3
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Basis = purchase price + cost to buy + cost to sell + improvements
October 15, 2021
6:18 PM
