How do I report the sale of my home

[memaraplyn]

I bought my home in 1989 then tore down the trailer and put a new home in 2000 on the same property how do I report this on the sale of this property in 2017?

[Anita01]

Your cost basis on the sale is the original purchase price plus any improvements made since you bought it, so add all those improvement costs to your basis.

[memaraplyn]

So My original cost in 1988 for the purchase of the land and mobile home. So when I replaced the mobile home for a manufactured home that would be the improvements?  So I add it all together to input in the section for adjusted cost basis?

[Anita01]

yes

[memaraplyn]

So I am filing out the easy guide so where would I add the cost of the new home in 2000? Sorry this is confusing because of the mortgage of the new home. Do I input in Permanent additions? or where on the easy guide do I input?

[Anita01]

Date bought or acquired is the original purchase date in 1988.  Permanent improvements are added to the purchase price and entered in Cost Basis.

[memaraplyn]

Thanks I found out that I didn't have to use that