
Anonymous
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Investors & landlords
Thank you! I'm trying to calculate the cost basis for the house I bought, I haven't sold any. If I understand correctly, speaking of just closing disclosure, the cost basis would solely be based on the sale price (here I'm only talking about the elements in the closing disclosure, I know there are other things like improvements I did later to get the house rental ready could be counted as cost basis)? The other costs on the closing disclosure can't be included as cost basis?
‎February 19, 2023
8:53 PM