Sold a second home in 2017 that inherited in 2013 for a net of $121,604.02. It was appraised in 2013 for $109,000, I have improvements of $14162.38. What is the basis?
No 1099 provided, just settlement sheet. I do not see where it include improvements that were made. It seems that the appraisal plus the improvements should be the cost basis, but I am confused.
