Deductions & credits

DawnC · ‎March 26, 2025

Your cost basis of your home is the original cost you paid for it 10 years ago + any adjustments that result from transactions over the period you own the asset. Examples of adjustments would be an increase in valuation due to a property improvement. IRS Cost Basis

Taxpayers affected by disasters

From the IRS - FAQs for Disaster Victims

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