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Adjusted cost basis question on selling a home. I put a new roof on. Do I enter only the deductible I paid from my homeowners insurance? Or the entire cost of the roof?

 
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Adjusted cost basis question on selling a home. I put a new roof on. Do I enter only the deductible I paid from my homeowners insurance? Or the entire cost of the roof?

No, you can only add to the cost basis the amounts you paid out of pocket.

Adjusted cost basis question on selling a home. I put a new roof on. Do I enter only the deductible I paid from my homeowners insurance? Or the entire cost of the roof?

I suspected as much. Thank you!

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