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

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

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?

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
LinaJ2020
Expert Alumni

Adjusted Cost Basis: sale of a home

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

 

 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question