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January 22, 2023
Question

sale of home adjusted basis

  • January 22, 2023
  • 1 reply
  • 0 views

I don't have all the information needed for the adjusted basis for sale of home.  What can I do ?  

1 reply

Carl11_2
Employee
January 22, 2023

You don't provide any information on precisely what it is you need. But basically, use as your cost basis that which you can prove, in case you're ever audited on it.

We also don't know if the property was your primary residence, 2nd home, rental property, or something else.