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posted Jan 27, 2025 7:35:16 PM

Do I include certain closing costs in the box labeled "Original Cost" or do I only include the sale price I paid to buy the condo in that field?

To calculated the Adjusted Cost Basis of a condo I sold, what costs do I include in the box labeled "Original Cost" since there are separate lines to enter certain closing cost expenses such as title insurance, transfer taxes, document preparation, etc.

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1 Replies
Expert Alumni
Jan 28, 2025 10:54:01 AM

That field is for what you paid for the condo originally.  You'll enter all of the costs associated with the sale into the closing cost areas.

 

@mountains04