topic How do I calculate "Adjusted basis of Home Sold"? in Deductions & credits

How do I calculate "Adjusted basis of Home Sold"?

johnscottedwards — Mon, 23 Feb 2026 13:39:30 GMT

Re: How do I calculate "Adjusted basis of Home Sold"?

DoninGA — Wed, 01 Feb 2023 23:21:36 GMT

The Adjusted Basis is the what you paid to purchase the Home plus the cost of any improvements to the home prior to the date of sale.

Re: How do I calculate "Adjusted basis of Home Sold"?

Mike9241 — Thu, 02 Feb 2023 01:28:49 GMT

if you bought it, it's what you paid + the cost of improvements. if you inherited it, then its the Fair Market value on the date of death of the last owner (assuming you had no ownership interest at the time) + the cost of any improvements you made after inheriting it.