https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-interest-from-heloc-be-added-to-basis-for-investment-property-held-for-16-months/01/172834#M6648 <P>Investment house purchased 2017, sold 2018. HELOC held on primary residence. Did not live in or rent out investment property.&nbsp; Should depreciation be figured into cost basis? I'm using Premier Turbo Tax CD.</P> Sat, 01 Jun 2019 15:24:32 GMT mgcorteville 2019-06-01T15:24:32Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-interest-from-heloc-be-added-to-basis-for-investment-property-held-for-16-months/01/172834#M6648 <P>Investment house purchased 2017, sold 2018. HELOC held on primary residence. Did not live in or rent out investment property.&nbsp; Should depreciation be figured into cost basis? I'm using Premier Turbo Tax CD.</P> Sat, 01 Jun 2019 15:24:32 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-interest-from-heloc-be-added-to-basis-for-investment-property-held-for-16-months/01/172834#M6648 mgcorteville 2019-06-01T15:24:32Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes-to-both-questions-closing-costs-and-interest-on-the/01/172848#M6649 <P>Yes to both questions.</P><UL> <LI>Closing costs and interest on the HELOC are <B>added </B>to the basis of the property.</LI> </UL><UL> <LI>Depreciation is <B>subtracted </B>from the basis<BR /> </LI> </UL> Sat, 01 Jun 2019 15:24:36 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes-to-both-questions-closing-costs-and-interest-on-the/01/172848#M6649 IreneS 2019-06-01T15:24:36Z