FangxiaL
Expert Alumni

Investors & landlords

No. The mortgage is not added to the basis of your property,  nor it is subtracted from the sales price.

The cost basis of your property is generally the price you paid for it. If you made home improvements on your property, it can also increase the cost basis, if the improvement adds materially to the value of your home or prolong your home's useful life significantly. 

 

@vizchristine
 

 


 

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