https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2792663#M1029444 <P><STRONG>i built my second home, but i cannot find any proof of payments to contractors or receipts of materials I purchased to build the house.<SPAN class="">&nbsp; </SPAN>What can I do when I sell this house?<SPAN class="">&nbsp; </SPAN>Will the whole amount I sell the house be taxed as capital gains?<SPAN class="">&nbsp; </SPAN>I’ve owned this house for at least 16 years.</STRONG></P> Tue, 10 Mar 2026 06:50:36 GMT maixemvo 2026-03-10T06:50:36Z https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2792663#M1029444 <P><STRONG>i built my second home, but i cannot find any proof of payments to contractors or receipts of materials I purchased to build the house.<SPAN class="">&nbsp; </SPAN>What can I do when I sell this house?<SPAN class="">&nbsp; </SPAN>Will the whole amount I sell the house be taxed as capital gains?<SPAN class="">&nbsp; </SPAN>I’ve owned this house for at least 16 years.</STRONG></P> Tue, 10 Mar 2026 06:50:36 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2792663#M1029444 maixemvo 2026-03-10T06:50:36Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2792707#M1029445 <P>My opinion-To avoid 100% taxation, you must reconstruct your costs in a fair an equitable manner. Ultimately you have proof of an existing structure, the only question is cost, which hopefully can be reconstructed.&nbsp; Whether or not the IRS will challenge such an estimation of costs will be at its discretion, but a good starting point is to claim fair and equitable construction expenses.</P> Wed, 16 Nov 2022 21:22:42 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2792707#M1029445 R-SchuleCPA 2022-11-16T21:22:42Z