I sold a house under the two-year minimum stay requirement. I earned a capital gains. I had to pay $89 for premium product from TurboTax. What did I pay for?

[aboehme64]

Do I need to put any additional information in TurboTax? Besides the purchase price, the length of stay, and the final price sold? I did put in the commission I had to pay.

[PattiF]

There are a few costs that you can add to the cost basis of your personal home. Some selling costs from the settlement sheet are added to the purchase price of your house and increase your cost basis. Any improvements that you might have done to the property like a new deck or roof are added to the cost basis.

Generally, these expenses can be deducted as selling expenses

• Appraisal fees.
• Inspections.
• Loan origination fees.
• Title fees.
• Transfer fees.
• Mortgage interest.
• Mortgage points.
• Real estate property taxes.