turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What should be entered in cost basis for a damaged basement, declared under FEMA. Is it the cost of the entire home or the approx cost of the basement?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Expert Alumni

What should be entered in cost basis for a damaged basement, declared under FEMA. Is it the cost of the entire home or the approx cost of the basement?

To clarify, can the basement be repaired or is the damage so great that the entire home is no longer salvageable? 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies