58092
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question