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February 7, 2024
Question

I'm preparing my taxes and we sold a home in 2023. It is asking me for information from a form from the original closing 14 years ago. I don't have it. Help?

  • February 7, 2024
  • 1 reply
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1 reply

DoninGA
Employee
February 7, 2024

You are being asked for the Adjusted Basis of the home that was sold. 

The Adjusted Basis is the Purchase price of the home plus the cost of any improvements made to the home prior to being sold.