Reading the other replies is helpful, thank you! I, however, bought the land which the home was built on with cash, then had a construction loan through IndyMac (yep one of those before it crashed and burned) for the build, which was then converted to a mortgage upon completion. The loan was then turned over to another bank after the crash. We refinanced in 2013. The property is now a rental for the first time and I'm trying to file it as such. What would the purchase date be? The date of the land purchase, the completion of the construction loan, or what? It's not technically either. Same to be said for the purchase price (construction and loan was a lot lower than home value and equity at refi). Thanks so much for your help!
