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ldrny413
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In the sale of a 2nd home. is the cost basis equal to the amount paid plus the cost of improvements?

It was a private sale and I didn't receive a 1099-B.
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2 Replies

In the sale of a 2nd home. is the cost basis equal to the amount paid plus the cost of improvements?

That is correct. 

In the sale of a 2nd home. is the cost basis equal to the amount paid plus the cost of improvements?

Basis =  purchase price + cost to buy + cost to sell + improvements

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