Does refinancing due to divorce affect the adjusted basis of a home if done years before converting to rental?
How do I determine adjusted basis of a home bought years ago & refinanced several times before converting to a rental? My wife (at the time) and I purchased a home in 1993 and took out an initial mortgage. I refinanced in 2003 when I got divorced in order to give my now ex-wife her share of the equity and remove her name form the home's title. I refinanced again (in order to get a better rate) in 2010. I continued living in the house until the end of 2015 and began renting it out in 2016. I did not deduct any fees for refinancing on my taxes on any of these loans.