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kevin.benedict
March 29, 2025
Question

In the Home Sale Worksheet, where do I find Adjusted Basis of Home?

  • March 29, 2025
  • 1 reply
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    1 reply

    KrisD15
    KrisD15
    March 29, 2025

    If this is selling your personal residence, it would be the price you paid plus any major improvements you added. 

    If this is selling a home you previously used as a business or rental asset, it would be the original basis (usually what you paid) less depreciation. 

     

    If this does not fully address your concern, please continue the question and provide extra details. 

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