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We moved from California to Pennsylvania during 2018. Should relocation expenses be included in the cost basis of the old house, new house, or no house?
We moved our primary residence from California to Pennsylvania. Can the moving expenses be included in the cost basis of old house, the new house, or neither? Can other expenses related to the relocation (eg, transportation, temporary housing, etc.) also be included in the basis? My home-based business also moved. How should I treat the business portion of the relolaction expenses?
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‎June 4, 2019
7:13 PM