Over 30 years ago we bought land and literally built the home ourselves with some things contracted. I did not think to get an appraisal when finished so all we have for basis is several hundred receipts for everything required to build the home and a few contractor receipts. We have now sold the home so do I need to add up all these receipts to get the basis? Another option might be to use the taxable value from the local appraisal district when it was completed. Regarding improvements over the years, I have better records on those. Your input is appreciated.
