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What to include in the basis of my house?
I sold my house in 2021 and it has a long and complicated history. We bought land in 1994, hired an architect, built the house with a construction loan, etc ... and I also refinanced the loan several times. Now I sold it and the buyer financed it through me so I also have an owner financed loan.
The internet says that repairs count towards the cost basis of the house. I have meticulous bookkeeping so I can find things but I don't know to include them.
The one question right now are the extra costs incurred each time I refinanced the house. I'm not talking about the points, interest, taxes, or payoff amounts. I'm curious about such things as the survey fees, filing fees, etc. I know one time I paid for someone's pager.
They are not actually adding to the value of the house so my assumption is that they do not add to the cost basis of the house.