https://ttlc.intuit.com/community/taxes/discussion/how-does-a-house-sale-effect-my-taxes/01/2791056#M1030611 <P>How do you determine cost basis on a home sale that was built 26 years ago without construction costs?</P><P>&nbsp;</P> Tue, 10 Mar 2026 07:02:23 GMT PF1113 2026-03-10T07:02:23Z https://ttlc.intuit.com/community/taxes/discussion/how-does-a-house-sale-effect-my-taxes/01/2791056#M1030611 <P>How do you determine cost basis on a home sale that was built 26 years ago without construction costs?</P><P>&nbsp;</P> Tue, 10 Mar 2026 07:02:23 GMT https://ttlc.intuit.com/community/taxes/discussion/how-does-a-house-sale-effect-my-taxes/01/2791056#M1030611 PF1113 2026-03-10T07:02:23Z https://ttlc.intuit.com/community/taxes/discussion/re-how-does-a-house-sale-effect-my-taxes/01/2791420#M1030612 <P>Hi&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5130837">@PF1113</a>&nbsp;&nbsp;<BR /><BR />You will need to look through your records for the cost of the land and construction materials/labor done.&nbsp;&nbsp;<BR /><BR />Here is a link to the <A href="https://www.irs.gov/taxtopics/tc703#:~:text=In%20most%20situations%2C%20the%20basis,by%20the%20cost%20to%20you." target="_self">IRS' website</A>&nbsp; which shows what the IRS is looking for.&nbsp; &nbsp;<BR /><BR />You will want to make sure you get your actual basis to avoid paying to much in tax on the sale.&nbsp;&nbsp;<BR />Remember, any improvements over the years can increase your basis, so do not just look for the information from 26 years ago.&nbsp;&nbsp;<BR /><BR /><BR /></P> Wed, 16 Nov 2022 17:59:14 GMT https://ttlc.intuit.com/community/taxes/discussion/re-how-does-a-house-sale-effect-my-taxes/01/2791420#M1030612 DavidT0202 2022-11-16T17:59:14Z