What is "adjusted basis of Home"?

[dmdicello]

I sold a home last year in May 2016.  Turbo tax is asking me for my "adjusted basis of Home"?  and I can not find that anywhere in my paperwork.

[DoninGA · Accepted solution]

The Adjusted Basis of the home is the original purchase price plus certain settlement fees paid at time of purchase and the cost of any improvements made to the home prior to the sale.

For a detailed explanation of items that can be added to the basis of a home including types of improvements, see this IRS Publication 523 - https://www.irs.gov/publications/p523/ar02.html#en_US_2016_publink100010750