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What do I use for basis for the second home sold? is value in 2016 when my husband died or 2014 when we bought it. Which turbo tax edition?

 
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MarilynG
Expert Alumni

What do I use for basis for the second home sold? is value in 2016 when my husband died or 2014 when we bought it. Which turbo tax edition?

Your basis in your second home would be the price you paid for it, plus the cost of any capital improvements added.

You can use your TurboTax Premier to report this sale. 

Here's more info:

https://ttlc.intuit.com/replies/5538321

https://ttlc.intuit.com/replies/4241480

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MarilynG
Expert Alumni

What do I use for basis for the second home sold? is value in 2016 when my husband died or 2014 when we bought it. Which turbo tax edition?

Your basis in your second home would be the price you paid for it, plus the cost of any capital improvements added.

You can use your TurboTax Premier to report this sale. 

Here's more info:

https://ttlc.intuit.com/replies/5538321

https://ttlc.intuit.com/replies/4241480

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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