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Hello. I am trying to calculate capital gains tax for my home that I sold. I bought the lot 10 years ago, then built a home 5 years ago. Do I get to include the lot?
If I bought the lot 10 years ago, paid cash for it, then built the home with a construction loan 5 years ago, then sold it in 2021, do I get to include the cost of the lot in my cost basis?
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‎April 6, 2022
12:04 PM