Solved
adjusted cost basis
We inherited a home and made improvements prior to selling. How do I add the costs of the improvements to adjust the cost basis?
Expert Reviewed
when you enter its tax basis, it will be the FMV on the date of death + the cost of subsequent improvements. There's no requirement to split these out, so you can enter as a single number. Is there something that is preventing you from doing this, is so please advise.
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