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Level 2
June 5, 2019
Question

How do I report the sale of my home

  • June 5, 2019
  • 6 replies
  • 5 views
I bought my home in 1989 then tore down the trailer and put a new home in 2000 on the same property how do I report this on the sale of this property in 2017?

6 replies

June 5, 2019

Your cost basis on the sale is the original purchase price plus any improvements made since you bought it, so add all those improvement costs to your basis.

June 5, 2019
yes