We sold a condo that we received as a gift. The program asks for the donors cost basis. Can we include our improvements to the cost basis?

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We sold a condo that we received as a gift. The program asks for the donors cost basis. Can we include our improvements to the cost basis?

Yes, improvements that you made to the property after you received it as a gift would be added to your cost basis.

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We sold a condo that we received as a gift. The program asks for the donors cost basis. Can we include our improvements to the cost basis?

Yes, improvements that you made to the property after you received it as a gift would be added to your cost basis.

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