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If I buy out the interset of a co owned vacation home that is rented how do I calculate adjusted cost basis
dpopillo
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If I buy out the interset of a co owned vacation home that is rented how do I calculate adjusted cost basis
May 31, 2019
6:34 PM
jontu
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Investors & landlords
Your cost basis is equal to the adjusted basis of the portion you own, plus the amount paid to purchase the balance of the home.
May 31, 2019
6:34 PM
