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October 15, 2021
Question

In the sale of a 2nd home. is the cost basis equal to the amount paid plus the cost of improvements?

  • October 15, 2021
  • 1 reply
  • 0 views
It was a private sale and I didn't receive a 1099-B.

1 reply

Employee
October 15, 2021

That is correct. 

Critter-3
October 16, 2021

Basis =  purchase price + cost to buy + cost to sell + improvements