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posted Mar 2, 2020 10:40:38 AM

Adjusted Cost Basis: sale of a home

I sold a home this past year (2019).

 

When calcuating the adjusted cost basis, I know to list my original cost of the when I purchased the home years ago, but when completing the rest from the closing statement, is this from the sale, or from my original purchase? It is unclear in the app and I want to make sure that I list it correctly. 

 

I assume it is from my sale, not my purchase?

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1 Replies
Expert Alumni
Mar 2, 2020 1:38:53 PM

It is the cost you paid when you originally purchased the home.