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lariet50
New Member

I sold a home last year, which was refinanced in 2016. Do I use the closing statement from 2016 in the Adjusted Cost Basis EasyGuide?

 
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Leonard
Intuit Alumni

I sold a home last year, which was refinanced in 2016. Do I use the closing statement from 2016 in the Adjusted Cost Basis EasyGuide?

No, the adjusted cost basis will be the original purchase price increased by any capital improvements that were made to the home.  The value on the 2016 closing statement has no effect on your adjusted cost basis.

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Leonard
Intuit Alumni

I sold a home last year, which was refinanced in 2016. Do I use the closing statement from 2016 in the Adjusted Cost Basis EasyGuide?

No, the adjusted cost basis will be the original purchase price increased by any capital improvements that were made to the home.  The value on the 2016 closing statement has no effect on your adjusted cost basis.

View solution in original post

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