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What can I use to reduce the cost basis on the sale of a second home?
The home was not a rental and was owned for over 30 years. The land was purchased, then we built the home on it. Over the 30 years many improvement were made to the home. Is the Purchase price the price of the land or the finished home? What additions or improvements can be used to reduce the cost basis?
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‎April 5, 2022
12:04 PM