- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You will have to reconstruct the cost basis the best you can.
The two refinances will have no impact on the cost.
So you would have what the home was purchased for 30 years ago --$$ estimate
Then add the cost of major improments made --additions, remodels, new roof, garage added etc. $$
Otherwise, if you don;t do this, you would have to use a $0 cost basis.
‎June 4, 2019
12:21 PM