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posted Jul 9, 2020 11:27:59 AM

Help with Adjusted Cost Basis EasyGuide - Bought in 2017, Sold in 2019

Hi, I purchased a house in 2017. I sold it in 2019. I am trying to fill out the below "Adjusted Cost Basis EasyGuide". Not sure what goes where though. I have also attached a photo of my Closing Disclosure.

 

 

 

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1 Replies
Expert Alumni
Jul 9, 2020 11:45:34 AM

Unfortunately, we cannot make calculations for you in this public forum. However, there are many sales expenses that you can use to mitigate potential tax on the gain on the sale of your primary home. Here is what to look for:

  Advertising expenses

  Appraisal fees

  Attorney fees

  Closing fees

  Document preparation fees

  Escrow fees

  Mortgage satisfaction fees

  Notary fees

  Points paid by seller to obtain financing for buyer

  Real estate broker's commission

  Recording fees (if paid by the seller)

  Settlement fees

  Title search fees, and

  Transfer or stamp taxes charged by city, county, or state governments.

 

The related fees from your closing disclosure will go in the Easyguide fields.