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Deductions & credits
It depends whether you sold a personal residence or rental property.
Include the cost as part of the cost basis in the sale of a personal residence.
If you sold the home as a rental property, you would not include the cost if you deducted the purchase as an expense. If you listed it as an asset, the sale of each asset on your deprecation schedule would be reported as a separate transaction.
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March 22, 2022
4:21 AM