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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1 Best answer
CherylW
Level 3
Jun 4, 2019 9:54:31 PM
Yes, copies of cancelled checks will work when documenting home improvements.
1 Replies
CherylW
Level 3
Jun 4, 2019 9:54:31 PM
Yes, copies of cancelled checks will work when documenting home improvements.