bkorstick
New Member

In the Adjusted Cost Basis after selling my home, if I had insurance claims in prior years, do I just enter the figures in "Cost of Repairs" and "Insurance Reimbursement"?

In otherwords, do I not need to use the "Deductible losses due to casualty or theft" line since these were several years ago? For example if I had a $3k cost in 2005 and insurance reimbursed $2k, do I put in $3k in "Cost" and $2k in "Insurance Reimbursement" which would add $1k to my Adjusted Cost basis?