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Russ_aye
Level 1

What are acceptable records for adjusting home basis?

I sold my house and want to include cost of improvements in the adjusted basis. Are cancelled checks an acceptable record of the value I have added to the house. I have few receipts.
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CherylW
Level 3

What are acceptable records for adjusting home basis?

Yes, copies of cancelled checks will work when documenting home improvements.

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1 Reply
CherylW
Level 3

What are acceptable records for adjusting home basis?

Yes, copies of cancelled checks will work when documenting home improvements.

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