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dpopillo
New Member

If I buy out the interset of a co owned vacation home that is rented how do I calculate adjusted cost basis

 
1 Reply
jontu
Level 1

If I buy out the interset of a co owned vacation home that is rented how do I calculate adjusted cost basis

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.
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