We sold out house in 2016. Now I'm filling out the forms, but it's asking for the original cost..We refinanced in 2013, should I use that cost?
I originally bought the house in 2004 and since refinancing, I don't have the original paperwork..I do still have the refi paperwork though.
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1 Best answer
rjs
Level 15
May 31, 2019 9:30:20 PM
"Original cost" means exactly what it says - the amount that you originally paid for the house when you bought it in 2004. The refinance does not affect the original cost or the amount of your gain.
1 Replies
rjs
Level 15
May 31, 2019 9:30:20 PM
"Original cost" means exactly what it says - the amount that you originally paid for the house when you bought it in 2004. The refinance does not affect the original cost or the amount of your gain.